Looking to balance out your exposure to GBOOY? The ETFs below have historically moved differently from GBOOY, 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 GBOOY
0 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 0.35, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.35 | 0.32 | 0.33 | 68 | S&P 500 | GBOOY vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GBOOY, 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 Philip Morris International Inc. (PM) (Consumer Defensive) with a 1Y correlation of 0.10, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Philip Morris International Inc. | 0.10 | 0.08 | 0.12 | 66 | Consumer Defensive | |
| Banco Santander, S.A. | 0.40 | 0.32 | 0.34 | 90 | Financial Services | |
| Itaú Unibanco Holding S.A. | 0.43 | 0.34 | 0.32 | 84 | Financial Services |
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