Looking to balance out your exposure to GABC? The ETFs below have historically moved differently from GABC, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GABC
5 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 -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.04 | -0.04 | 100 | Ultrashort Bond | GABC vs SGOV | |
| Direxion Daily Emerging Markets Bull 3X Shares | 0.05 | 0.15 | 0.22 | 50 | Leveraged Equities | GABC vs EDC | |
| Virtus Newfleet Multi-Sector Bond ETF | 0.16 | 0.17 | 0.13 | 60 | Multisector Bonds | GABC vs NFLT | |
| Direxion Daily S&P 500 Bull 3X ETF | 0.22 | 0.29 | 0.38 | 51 | Leveraged Equities, S&P 500 | GABC vs SPXL | |
| ProShares Ultra MSCI EAFE | 0.29 | 0.31 | 0.35 | 56 | Leveraged Equities | GABC vs EFO |
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