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
1923 ETFs have low correlation with GXPS (below 0.3), 784 of which are negatively correlated. The least correlated is Direxion Daily Technology Bull 3X Shares (TECL) (Leveraged Equities) with a 1Y correlation of -0.29, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Technology Bull 3X Shares | -0.29 | -0.29 | -0.29 | 70 | Leveraged Equities, Technology Equities | GXPS vs TECL | |
| ProShares Ultra Technology | -0.28 | -0.28 | -0.28 | 68 | Leveraged Equities | GXPS vs ROM | |
| KraneShares Artificial Intelligence & Technology E... | -0.28 | -0.28 | -0.28 | 54 | Technology Equities | GXPS vs AGIX | |
| State Street Technology Select Sector SPDR ETF | -0.28 | -0.28 | -0.28 | 69 | Technology Equities | GXPS vs XLK | |
| Vanguard Information Technology ETF | -0.28 | -0.28 | -0.28 | 63 | Technology Equities | GXPS vs VGT |
See all 1983 diversifiers for GXPS
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