Looking to balance out your exposure to GBAB? The ETFs below have the lowest correlation with GBAB — they tend to move on their own, which can help reduce risk when GBAB drops. The stock ideas table highlights individual companies that behave independently from GBAB.
Best Diversifiers for GBAB
2 ETFs have low correlation with GBAB (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.05, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.05 | -0.00 | 0.02 | 100 | Ultrashort Bond | GBAB vs SGOV | |
| Alpha Architect 1-3 Month Box ETF | -0.02 | 0.01 | — | 100 | Ultrashort Bond | GBAB vs BOXX | |
| Global X S&P 500 Covered Call ETF | 0.32 | 0.18 | 0.22 | 82 | Derivative Income, S&P 500 | GBAB vs XYLD | |
| NEOS S&P 500 High Income ETF | 0.34 | 0.24 | — | 71 | Derivative Income, S&P 500 | GBAB vs SPYI | |
| Simplify Gamma Emerging Market Bond ETF | 0.37 | — | — | 84 | Emerging Markets Bonds | GBAB vs GAEM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GBAB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GBAB and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.05, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.05 | 0.09 | 0.10 | 69 | Consumer Defensive |
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