Looking to diversify beyond GXPE? The ETFs below have historically moved differently from GXPE, 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 GXPE
11 ETFs have low correlation with GXPE (below 0.3), 7 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P 500 Covered Call ETF | -0.15 | — | — | 93 | Derivative Income, S&P 500 | GXPE vs XYLD | |
| Global X NASDAQ 100 Covered Call ETF | -0.14 | — | — | 83 | Nasdaq-100, Derivative Income | GXPE vs QYLD | |
| Proshares S&P Global Core Battery Metals ETF | -0.09 | — | — | 53 | Lithium & Battery Metals | GXPE vs ION | |
| Global X Data Center & Digital Infrastructure ETF | -0.06 | — | — | 74 | REIT | GXPE vs DTCR | |
| Tema Electrification ETF | -0.06 | — | — | 63 | Global Equities | GXPE vs VOLT |
See all 50 diversifiers for GXPE
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