Looking to balance out your exposure to GBX? The ETFs below have the lowest correlation with GBX — they tend to move on their own, which can help reduce risk when GBX drops. The stock ideas table highlights individual companies that behave independently from GBX.
Best Diversifiers for GBX
1 ETFs have low correlation with GBX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco PHLX Semiconductor ETF (SOXQ) (Semiconductors) with a 1Y correlation of 0.25, roughly unchanged from 0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco PHLX Semiconductor ETF | 0.25 | 0.34 | — | 96 | Semiconductors, Technology Equities | GBX vs SOXQ | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.47 | 0.49 | 74 | S&P 500 | GBX vs SPY | |
| Vanguard S&P 500 ETF | 0.36 | 0.47 | 0.49 | 74 | S&P 500 | GBX vs VOO | |
| Capital Group Dividend Value ETF | 0.42 | 0.54 | 0.55 | 80 | Large Cap Value Equities, Dividend | GBX vs CGDV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GBX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GBX and solid risk/return profiles. The least correlated is Old Dominion Freight Line, Inc. (ODFL) (Industrials) with a 1Y correlation of 0.38, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Old Dominion Freight Line, Inc. | 0.38 | 0.41 | 0.42 | 75 | Industrials | |
| CSX Corporation | 0.41 | 0.40 | 0.44 | 88 | Industrials | |
| Canadian Pacific Railway Limited | 0.50 | 0.42 | 0.42 | 53 | Industrials | |
| Westinghouse Air Brake Technologies Corporation | 0.59 | 0.57 | 0.61 | 74 | Industrials |
Build a portfolio that complements GBX
Add GBX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GBX