Looking to diversify beyond GCOR? The ETFs below have historically moved differently from GCOR, 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 GCOR
770 ETFs have low correlation with GCOR (below 0.3), 111 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.46, down from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.46 | -0.26 | -0.16 | 72 | Oil & Gas | GCOR vs DBE | |
| Invesco DB Oil Fund | -0.44 | -0.24 | -0.15 | 58 | Oil & Gas | GCOR vs DBO | |
| ProShares UltraShort Yen | -0.44 | -0.45 | -0.48 | 56 | Leveraged Currency | GCOR vs YCS | |
| United States Gasoline Fund LP | -0.43 | -0.24 | -0.14 | 87 | Oil & Gas | GCOR vs UGA | |
| United States Brent Oil Fund LP | -0.42 | -0.24 | -0.16 | 52 | Oil & Gas | GCOR vs BNO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GCOR, 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 LyondellBasell Industries N.V. (LYB) (Basic Materials) with a 1Y correlation of -0.14, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| LyondellBasell Industries N.V. | -0.14 | -0.00 | -0.01 | 55 | Basic Materials | |
| PepsiCo, Inc. | 0.08 | 0.18 | 0.21 | 50 | Consumer Defensive | |
| AbbVie Inc. | 0.15 | 0.14 | 0.11 | 81 | Healthcare |
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