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56 Stocks and 44 ETFs for diversifying GMNY (GOLDMAN SACHS DYNAMIC NEW YORK MUNICIPAL INCOME ETF)

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

Stocks that lowly correlated with GMNY

SymbolName
Market cap
SectorIndustry
Correlation
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.78
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.74
LBPHLongboard Pharmaceuticals Inc$2.34BN/AN/A-0.72
TRONCorner Growth Acquisition Corp 2 - Class A$700MConsumer CyclicalLeisure-0.65
DMDesktop Metal Inc - Class A$165MN/AN/A-0.64
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.64
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.63
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.63
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.63
RAINRain Enhancement Technologies Holdco, Inc. Class A Common Stock$13MIndustrialsPollution & Treatment Controls-0.62
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.61
DFDVDeFi Development Corp$91MFinancial ServicesAsset Management-0.60
HFFGHF Foods Group Inc$90MConsumer DefensiveFood Distribution-0.60
OPTNOptiNose Inc$112MN/AN/A-0.58
ETOREtoro Group Ltd - Class A$3.63BFinancial ServicesCapital Markets-0.57
SURGSurgepays Inc$7.87MCommunication ServicesTelecom Services-0.57
FIGFigma Inc - Class A$12BTechnologySoftware - Application-0.56
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.56
ATPCAgape ATP Corp$2.52MConsumer DefensivePackaged Foods-0.55
ACSTAcasti Pharma Inc - Class A$53MN/AN/A-0.55
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.55
TOIOncology Institute Inc (The)$566MHealthcareMedical Care Facilities-0.55
ETSElite Express Holding Inc - Class A$13MIndustrialsTrucking-0.54
ANGXAngel Studios Inc - Class A$709MCommunication ServicesEntertainment-0.54
MCHBMechanics Bank$3.59BFinancial ServicesBanks - Regional-0.53
NEXTNextDecade Corporation$2.02BEnergyOil & Gas Equipment & Services-0.52
BIAFBioAffinity Technologies Inc$3.25MHealthcareDiagnostics & Research-0.52
ELPWElong Power Holding Ltd$645KIndustrialsElectrical Equipment & Parts-0.52
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.52
UPXIUpexi Inc$58MCommunication ServicesInternet Content & Information-0.51
PDEXPro-Dex Inc (co)$181MHealthcareMedical Instruments & Supplies-0.51
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.51
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.51
KUKEKuke Music Holding Limited American Depositary Shares (each representing ten (10) Class A Ordinary Shares)$5.93MCommunication ServicesEntertainment-0.49
AILEiLearningEngines Holdings Inc - Class A$59MTechnologySoftware - Infrastructure-0.49
OPOFOld Point Financial Corp$215MFinancial ServicesBanks - Regional-0.49
APADREnhanced Group Inc$6.67MN/AN/A-0.49
THTXTheratechnologies Inc$167MHealthcareBiotechnology-0.48
MCACUConnectM Technology Solutions Inc - Units (1 Ord Class A 1 War & 1 Right)$70MFinancial ServicesShell Companies-0.48
VVPRVivoPower International PLC$45MTechnologySolar-0.48
EMPDEmpery Digital Inc$98MConsumer CyclicalAuto Manufacturers-0.48
CVIIChurchill Capital Corp VII - Class A$570MFinancial ServicesShell Companies-0.48
DTCXDatacentrex Inc$74MFinancial ServicesFinancial Data & Stock Exchanges-0.47
EPSNEpsilon Energy Ltd$166MEnergyOil & Gas E&p-0.47
BOWNUBowen Acquisition Corp - Units (1 Ordinary share & 1 Right)$30MFinancial ServicesShell Companies-0.46
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.46
YALAYalla Group Ltd$845MTechnologySoftware - Application-0.45
SFMSprouts Farmers Market Inc$6.93BConsumer DefensiveGrocery Stores-0.45
BOWNBowen Acquisition Corp$21MFinancial ServicesShell Companies-0.45
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.45
PRAProAssurance Corporation$1.29BFinancial ServicesInsurance - Property & Casualty-0.45
IROHRCN Healthy Food Tech Group Corp$35MN/AN/A-0.45
MNTNMNTN Inc - Class A$751MTechnologySoftware - Application-0.43
BJBJ`s Wholesale Club Holdings Inc$12BConsumer DefensiveDiscount Stores-0.43
RAYAErayak Power Solution Group Inc - Class A$3.34MIndustrialsElectrical Equipment & Parts-0.43
RAYRaytech Holding Ltd$8.20MConsumer DefensiveHousehold & Personal Products-0.43

ETFs that lowly correlated with GMNY

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, 2026-0.86
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.71
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.67
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.63
TBFPROSHARES SHORT 20+ YEAR TREASURY $87M0.95%Aug 18, 2009-0.62
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.62
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.62
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $280MN/AApr 29, 2008-0.61
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.61
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $163MN/AApr 16, 2009-0.61
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$17MN/AMar 27, 2012-0.60
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.59
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.59
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.59
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.59
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.57
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.54
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.54
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.54
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.53
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.53
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.53
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.53
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.52
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, 2022-0.51
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.50
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.49
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.48
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.47
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.46
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.46
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.45
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.44
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.44
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.44
MSTYYIELDMAX(R) MSTR OPTION INCOME STRATEGY ETF $710M1.03%Feb 21, 2024-0.44
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $12MN/AApr 16, 2009-0.43
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.43
TBXPROSHARES SHORT 7-10 YEAR TREASURY $20M0.95%Apr 4, 2011-0.43