Looking to balance out your exposure to GASS? The ETFs below have the lowest correlation with GASS — they tend to move on their own, which can help reduce risk when GASS drops. The stock ideas table highlights individual companies that behave independently from GASS.
Best Diversifiers for GASS
1 ETFs have low correlation with GASS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.20, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.20 | 0.15 | 0.18 | 70 | S&P 500 | GASS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GASS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GASS and solid risk/return profiles. The least correlated is RenaissanceRe Holdings Ltd. (RNR) (Financial Services) with a 1Y correlation of -0.09, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RenaissanceRe Holdings Ltd. | -0.09 | 0.05 | 0.06 | 58 | Financial Services | |
| Apple Inc | -0.01 | 0.02 | 0.06 | 89 | Technology | |
| First Solar, Inc. | -0.00 | 0.10 | 0.13 | 81 | Technology | |
| Banco Santander, S.A. | 0.10 | 0.17 | 0.20 | 82 | Financial Services | |
| Celestica Inc. | 0.14 | 0.15 | 0.19 | 94 | Technology |
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