Looking to diversify beyond GXLM? The ETFs below have the lowest correlation with GXLM — 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 GXLM.
Best Diversifiers for GXLM
1 ETFs have low correlation with GXLM (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.61, roughly unchanged from -0.53 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.61 | -0.53 | — | 53 | Cryptocurrency | GXLM vs BITI | |
| Grayscale Zcash Trust (ZEC) | 0.34 | 0.37 | — | 95 | Cryptocurrency | GXLM vs ZCSH |
Diversification Analysis
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