Looking to diversify beyond GXPS? The ETFs below have the lowest correlation with GXPS — 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 GXPS.
Best Diversifiers for GXPS
1974 ETFs have low correlation with GXPS (below 0.3), 998 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.36, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.36 | -0.36 | -0.36 | 84 | Leveraged Equities, Semiconductors | GXPS vs USD | |
| NestYield Dynamic Income ETF | -0.35 | -0.35 | -0.35 | 54 | Derivative Income | GXPS vs EGGY | |
| Direxion Daily Technology Bull 3X Shares | -0.33 | -0.33 | -0.33 | 66 | Leveraged Equities, Technology Equities | GXPS vs TECL | |
| WisdomTree Artificial Intelligence and Innovation ... | -0.32 | -0.32 | -0.32 | 90 | Technology Equities | GXPS vs WTAI | |
| iShares Global Tech ETF | -0.32 | -0.32 | -0.32 | 78 | Technology Equities | GXPS vs IXN |
See all 2036 diversifiers for GXPS
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