Looking to balance out your exposure to GAP? The ETFs below have the lowest correlation with GAP — they tend to move on their own, which can help reduce risk when GAP drops. The stock ideas table highlights individual companies that behave independently from GAP.
Best Diversifiers for GAP
2 ETFs have low correlation with GAP (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 -0.08, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.08 | 0.03 | 0.01 | 100 | Ultrashort Bond | GAP vs SGOV | |
| State Street Technology Select Sector SPDR ETF | 0.28 | 0.30 | 0.39 | 83 | Technology Equities | GAP vs XLK | |
| ProShares UltraPro QQQ | 0.34 | 0.34 | 0.42 | 71 | Leveraged Equities | GAP vs TQQQ | |
| Vanguard FTSE Developed Markets ETF | 0.34 | 0.36 | 0.41 | 59 | Foreign Large Cap Equities | GAP vs VEA | |
| Schwab U.S. Dividend Equity ETF | 0.40 | 0.39 | 0.47 | 80 | Dividend | GAP vs SCHD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GAP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GAP and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.18, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.18 | -0.16 | 0.01 | 68 | Financial Services | |
| Diamondback Energy, Inc. | 0.01 | 0.12 | 0.23 | 82 | Energy | |
| The Coca-Cola Company | 0.03 | 0.05 | 0.11 | 66 | Consumer Defensive | |
| Archer-Daniels-Midland Company | 0.04 | 0.15 | 0.19 | 94 | Consumer Defensive | |
| Walmart Inc. | 0.05 | 0.13 | 0.19 | 63 | Consumer Defensive |
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Build a portfolio that complements GAP
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