Looking to balance out your exposure to GBAB? The ETFs below have historically moved differently from GBAB, 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 GBAB
2 ETFs have low correlation with GBAB (below 0.3), 2 of which are negatively correlated. The least correlated is Alpha Architect 1-3 Month Box ETF (BOXX) (Ultrashort Bond) with a 1Y correlation of -0.08, roughly unchanged from 0.01 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect 1-3 Month Box ETF | -0.08 | 0.01 | — | 100 | Ultrashort Bond | GBAB vs BOXX | |
| iShares 0-3 Month Treasury Bond ETF | -0.06 | 0.02 | 0.02 | 100 | Ultrashort Bond | GBAB vs SGOV | |
| Simplify Gamma Emerging Market Bond ETF | 0.36 | — | — | 87 | Emerging Markets Bonds | GBAB vs GAEM | |
| Global X S&P 500 Covered Call ETF | 0.39 | 0.20 | 0.22 | 93 | Derivative Income, S&P 500 | GBAB vs XYLD | |
| NEOS S&P 500 High Income ETF | 0.39 | 0.25 | — | 72 | Derivative Income, S&P 500 | GBAB vs SPYI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GBAB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | 0.09 | 0.11 | 66 | Consumer Defensive |
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