Looking to balance out your exposure to GCT? The ETFs below have the lowest correlation with GCT — they tend to move on their own, which can help reduce risk when GCT drops. The stock ideas table highlights individual companies that behave independently from GCT.
Best Diversifiers for GCT
5 ETFs have low correlation with GCT (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of 0.21, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.21 | 0.27 | 0.26 | 90 | Leveraged Equities, Semiconductors | GCT vs USD | |
| Convergence Long/Short Equity ETF | 0.24 | 0.22 | — | 95 | Long-Short | GCT vs CLSE | |
| Invesco Semiconductors ETF | 0.28 | 0.30 | — | 96 | Semiconductors, Technology Equities | GCT vs PSI | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.29 | 0.30 | 0.28 | 97 | Leveraged Equities, Semiconductors | GCT vs SOXL | |
| VanEck Semiconductor ETF | 0.29 | 0.30 | — | 96 | Semiconductors, Technology Equities | GCT vs SMH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GCT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GCT and solid risk/return profiles. The least correlated is Sunoco LP (SUN) (Energy) with a 1Y correlation of -0.13, down from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sunoco LP | -0.13 | 0.04 | — | 76 | Energy | |
| PepsiCo, Inc. | 0.01 | 0.00 | 0.02 | 56 | Consumer Defensive | |
| Sempra Energy | 0.03 | 0.09 | — | 67 | Utilities | |
| ALLETE, Inc. | 0.04 | 0.13 | — | 75 | Utilities | |
| Innovex International, Inc | 0.10 | 0.15 | 0.14 | 86 | Energy |
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Build a portfolio that complements GCT
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