Looking to diversify beyond GXC? The ETFs below have historically moved differently from GXC, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GXC
678 ETFs have low correlation with GXC (below 0.3), 78 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | GXC vs SBIT | |
| ProShares Short Bitcoin ETF | -0.39 | -0.22 | — | 61 | Cryptocurrency | GXC vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 52 | Inverse Equities | GXC vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 61 | Inverse Equities, Leveraged Equities | GXC vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.33 | — | — | 75 | Derivative Income | GXC vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GXC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.01 | 0.03 | 66 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.06 | 0.11 | 0.17 | 89 | Energy | |
| PepsiCo, Inc. | -0.04 | 0.06 | 0.06 | 50 | Consumer Defensive | |
| CVS Health Corporation | -0.03 | 0.05 | 0.06 | 94 | Healthcare | |
| Suncor Energy Inc. | 0.00 | 0.13 | 0.20 | 94 | Energy |
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