Looking to balance out your exposure to GBIO? The ETFs below have the lowest correlation with GBIO — they tend to move on their own, which can help reduce risk when GBIO drops. The stock ideas table highlights individual companies that behave independently from GBIO.
Best Diversifiers for GBIO
5 ETFs have low correlation with GBIO (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.12, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.12 | 0.21 | 0.29 | 94 | Semiconductors, Technology Equities | GBIO vs SMH | |
| Bridges Capital Tactical ETF | 0.13 | 0.24 | — | 75 | Large Cap Blend Equities | GBIO vs BDGS | |
| Saba Closed-End Funds ETF | 0.15 | 0.26 | 0.26 | 74 | Event Driven | GBIO vs CEFS | |
| NEOS Nasdaq-100 High Income ETF | 0.18 | — | — | 57 | Nasdaq-100, Derivative Income | GBIO vs QQQI | |
| NEOS Russell 2000 High Income ETF | 0.30 | — | — | 71 | Derivative Income | GBIO vs IWMI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GBIO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GBIO and solid risk/return profiles. The least correlated is Wayfair Inc. (W) (Consumer Cyclical) with a 1Y correlation of 0.15, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Wayfair Inc. | 0.15 | 0.27 | 0.30 | 65 | Consumer Cyclical | |
| Orchid Island Capital, Inc. | 0.15 | 0.24 | 0.26 | 62 | Real Estate | |
| LendingClub Corporation | 0.20 | 0.29 | 0.35 | 74 | Financial Services |
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