Looking to diversify beyond GWX? The ETFs below have the lowest correlation with GWX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from GWX.
Best Diversifiers for GWX
277 ETFs have low correlation with GWX (below 0.3), 33 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.42, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | -0.37 | -0.37 | 53 | Inverse Equities | GWX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | -0.35 | -0.35 | 60 | Inverse Equities, Leveraged Equities | GWX vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | -0.39 | -0.39 | 65 | Derivative Income | GWX vs WNTR | |
| ProShares UltraShort Yen | -0.39 | -0.33 | -0.29 | 75 | Leveraged Currency | GWX vs YCS | |
| United States Gasoline Fund LP | -0.21 | -0.03 | 0.11 | 72 | Oil & Gas | GWX vs UGA |
See all 2050 diversifiers for GWX
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