Looking to balance out your exposure to GABC? The ETFs below have the lowest correlation with GABC — they tend to move on their own, which can help reduce risk when GABC drops. The stock ideas table highlights individual companies that behave independently from GABC.
Best Diversifiers for GABC
4 ETFs have low correlation with GABC (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.15, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.04 | -0.03 | 100 | Ultrashort Bond | GABC vs SGOV | |
| Virtus Newfleet Multi-Sector Bond ETF | 0.15 | 0.17 | 0.12 | 57 | Multisector Bonds | GABC vs NFLT | |
| Direxion Daily Emerging Markets Bull 3X Shares | 0.18 | 0.20 | 0.24 | 83 | Leveraged Equities | GABC vs EDC | |
| ProShares UltraPro QQQ | 0.24 | 0.20 | 0.28 | 71 | Leveraged Equities | GABC vs TQQQ | |
| Direxion Daily S&P 500 Bull 3X ETF | 0.34 | 0.33 | 0.40 | 63 | Leveraged Equities, S&P 500 | GABC vs SPXL |
See all 7 diversifiers for GABC
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