Looking to balance out your exposure to GCO? The ETFs below have the lowest correlation with GCO — they tend to move on their own, which can help reduce risk when GCO drops. The stock ideas table highlights individual companies that behave independently from GCO.
Best Diversifiers for GCO
2 ETFs have low correlation with GCO (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.24, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.24 | 0.28 | 0.36 | 83 | Technology Equities | GCO vs XLK | |
| Invesco QQQ ETF | 0.28 | 0.32 | 0.38 | 73 | Nasdaq-100 | GCO vs QQQ |
Diversification Analysis
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