Looking to balance out your exposure to GBOOY? The ETFs below have the lowest correlation with GBOOY — they tend to move on their own, which can help reduce risk when GBOOY drops. The stock ideas table highlights individual companies that behave independently from GBOOY.
Best Diversifiers for GBOOY
1 ETFs have low correlation with GBOOY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.29, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.29 | 0.31 | 0.32 | 66 | S&P 500 | GBOOY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GBOOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GBOOY and solid risk/return profiles. The least correlated is Banco Santander, S.A. (SAN) (Financial Services) with a 1Y correlation of 0.35, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Banco Santander, S.A. | 0.35 | 0.30 | 0.34 | 81 | Financial Services | |
| Itaú Unibanco Holding S.A. | 0.40 | 0.31 | 0.32 | 68 | Financial Services |
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