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58 Stocks and 42 ETFs for diversifying GCAL (GOLDMAN SACHS DYNAMIC CALIFORNIA MUNICIPAL INCOME ETF)

The least correlated asset to GCAL (GOLDMAN SACHS DYNAMIC CALIFORNIA MUNICIPAL INCOME ETF) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.

Stocks that lowly correlated with GCAL

SymbolName
Market cap
SectorIndustry
Correlation
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.81
LBPHLongboard Pharmaceuticals Inc$2.34BN/AN/A-0.76
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.74
DMDesktop Metal Inc - Class A$165MN/AN/A-0.72
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.69
TRONCorner Growth Acquisition Corp 2 - Class A$700MConsumer CyclicalLeisure-0.69
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.69
DFDVDeFi Development Corp$91MFinancial ServicesAsset Management-0.66
RAINRain Enhancement Technologies Holdco, Inc. Class A Common Stock$13MIndustrialsPollution & Treatment Controls-0.66
HFFGHF Foods Group Inc$90MConsumer DefensiveFood Distribution-0.65
OPTNOptiNose Inc$112MN/AN/A-0.63
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.62
ETOREtoro Group Ltd - Class A$3.63BFinancial ServicesCapital Markets-0.62
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.62
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.61
SURGSurgepays Inc$7.87MCommunication ServicesTelecom Services-0.59
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.59
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.58
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.58
BIAFBioAffinity Technologies Inc$3.25MHealthcareDiagnostics & Research-0.58
UPXIUpexi Inc$58MCommunication ServicesInternet Content & Information-0.58
OPOFOld Point Financial Corp$215MFinancial ServicesBanks - Regional-0.57
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.57
ATPCAgape ATP Corp$2.52MConsumer DefensivePackaged Foods-0.56
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.56
TOIOncology Institute Inc (The)$566MHealthcareMedical Care Facilities-0.55
AILEiLearningEngines Holdings Inc - Class A$59MTechnologySoftware - Infrastructure-0.55
ETSElite Express Holding Inc - Class A$13MIndustrialsTrucking-0.54
MCACUConnectM Technology Solutions Inc - Units (1 Ord Class A 1 War & 1 Right)$70MFinancial ServicesShell Companies-0.54
FIGFigma Inc - Class A$12BTechnologySoftware - Application-0.53
THTXTheratechnologies Inc$167MHealthcareBiotechnology-0.53
PDEXPro-Dex Inc (co)$181MHealthcareMedical Instruments & Supplies-0.52
ELPWElong Power Holding Ltd$645KIndustrialsElectrical Equipment & Parts-0.52
VVPRVivoPower International PLC$45MTechnologySolar-0.52
CVIIChurchill Capital Corp VII - Class A$570MFinancial ServicesShell Companies-0.52
ANGXAngel Studios Inc - Class A$709MCommunication ServicesEntertainment-0.51
KUKEKuke Music Holding Limited American Depositary Shares (each representing ten (10) Class A Ordinary Shares)$5.93MCommunication ServicesEntertainment-0.50
EMPDEmpery Digital Inc$98MConsumer CyclicalAuto Manufacturers-0.50
MCHBMechanics Bank$3.59BFinancial ServicesBanks - Regional-0.50
APADREnhanced Group Inc$6.67MN/AN/A-0.50
BOWNBowen Acquisition Corp$21MFinancial ServicesShell Companies-0.49
ACSTAcasti Pharma Inc - Class A$53MN/AN/A-0.47
YALAYalla Group Ltd$845MTechnologySoftware - Application-0.46
NEXTNextDecade Corporation$2.02BEnergyOil & Gas Equipment & Services-0.46
PRAProAssurance Corporation$1.29BFinancial ServicesInsurance - Property & Casualty-0.46
BOWNUBowen Acquisition Corp - Units (1 Ordinary share & 1 Right)$30MFinancial ServicesShell Companies-0.46
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.46
CNLCollective Mining Ltd.$1.14BBasic MaterialsGold-0.46
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.45
SFMSprouts Farmers Market Inc$6.93BConsumer DefensiveGrocery Stores-0.45
RAYRaytech Holding Ltd$8.20MConsumer DefensiveHousehold & Personal Products-0.45
SLNOSoleno Therapeutics Inc$2.74BHealthcareBiotechnology-0.44
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.44
CHYMChime Financial Inc - Class A$8.43BTechnologySoftware - Application-0.44
GRNDGrindr Inc - Class A$2.79BTechnologySoftware - Application-0.44
GDSTRGoldenstone Acquisition Ltd$160KN/AN/A-0.44
VSTAVasta Platform Ltd Class A$394MConsumer DefensiveEducation & Training Services-0.43
BJBJ`s Wholesale Club Holdings Inc$12BConsumer DefensiveDiscount Stores-0.43

ETFs that lowly correlated with GCAL

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-1.00
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-1.00
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.87
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.68
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.64
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.63
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.63
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.63
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.63
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.60
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.60
TBFPROSHARES SHORT 20+ YEAR TREASURY $87M0.95%Aug 18, 2009-0.60
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.59
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $280MN/AApr 29, 2008-0.59
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.58
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $163MN/AApr 16, 2009-0.58
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$17MN/AMar 27, 2012-0.57
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.57
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.57
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.56
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.55
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.54
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.54
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.54
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.54
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.53
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.52
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.52
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.51
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.51
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.49
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.49
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.48
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.48
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.47
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.47
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.46
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.45
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.45
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.44
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.43