Looking to balance out your exposure to GBDC? The ETFs below have the lowest correlation with GBDC — they tend to move on their own, which can help reduce risk when GBDC drops. The stock ideas table highlights individual companies that behave independently from GBDC.
Best Diversifiers for GBDC
11 ETFs have low correlation with GBDC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.02, 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 | 0.02 | 0.06 | 0.02 | 100 | Ultrashort Bond | GBDC vs SGOV | |
| iShares AAA CLO Active ETF | 0.08 | 0.07 | — | 99 | CLO | GBDC vs CLOA | |
| Janus Henderson AAA CLO ETF | 0.11 | 0.09 | 0.07 | 98 | CLO | GBDC vs JAAA | |
| iShares Semiconductor ETF | 0.15 | 0.22 | 0.27 | 95 | Semiconductors, Technology Equities | GBDC vs SOXX | |
| Schwab Short-Term U.S. Treasury ETF | 0.19 | 0.02 | 0.01 | 81 | Government Bonds, Short-Term Bond | GBDC vs SCHO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GBDC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GBDC and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.02 | 0.06 | 0.12 | 74 | Consumer Defensive | |
| Coca-Cola FEMSA, S.A.B. de C.V. | 0.02 | 0.12 | 0.17 | 60 | Consumer Defensive | |
| Brookfield Renewable Corporation | 0.04 | 0.12 | 0.12 | 61 | Utilities | |
| Kinder Morgan, Inc. | 0.05 | 0.20 | 0.30 | 71 | Energy | |
| TC Energy Corporation | 0.06 | 0.19 | 0.26 | 95 | Energy |
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Build a portfolio that complements GBDC
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