Looking to balance out your exposure to GD? The ETFs below have historically moved differently from GD, 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 GD
35 ETFs have low correlation with GD (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.03, roughly unchanged from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.03 | -0.03 | -0.05 | 100 | Ultrashort Bond | GD vs SGOV | |
| PIMCO Enhanced Short Maturity Active ETF | 0.03 | 0.04 | 0.06 | 100 | Ultrashort Bond | GD vs MINT | |
| iShares Semiconductor ETF | 0.05 | 0.10 | 0.19 | 90 | Semiconductors, Technology Equities | GD vs SOXX | |
| F/m US Treasury 3 Month Bill ETF | 0.07 | 0.02 | — | 100 | Ultrashort Bond | GD vs TBIL | |
| Franklin FTSE Taiwan ETF | 0.08 | 0.12 | 0.20 | 90 | Taiwan Equities, Asia Pacific Equities | GD vs FLTW |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GD, 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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.06, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.06 | 0.01 | 0.10 | 99 | Technology | |
| Seagate Technology plc | -0.01 | 0.07 | 0.19 | 99 | Technology | |
| NVIDIA Corporation | -0.01 | 0.02 | 0.12 | 56 | Technology | |
| Monster Beverage Corporation | -0.01 | 0.10 | 0.21 | 94 | Consumer Defensive | |
| Broadcom Inc. | -0.01 | 0.06 | 0.18 | 67 | Technology |
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