Looking to balance out your exposure to GD? The ETFs below have the lowest correlation with GD — they tend to move on their own, which can help reduce risk when GD drops. The stock ideas table highlights individual companies that behave independently from GD.
Best Diversifiers for GD
30 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 -0.02, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.02 | -0.02 | -0.04 | 100 | Ultrashort Bond | GD vs SGOV | |
| PIMCO Enhanced Short Maturity Active ETF | 0.05 | 0.05 | 0.06 | 100 | Ultrashort Bond | GD vs MINT | |
| US Treasury 3 Month Bill ETF | 0.06 | 0.02 | — | 100 | Ultrashort Bond | GD vs TBIL | |
| iShares Semiconductor ETF | 0.11 | 0.12 | 0.21 | 96 | Semiconductors, Technology Equities | GD vs SOXX | |
| SPDR Portfolio Short Term Corporate Bond ETF | 0.12 | 0.07 | 0.10 | 92 | Corporate Bonds | GD vs SPSB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GD and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.06 | 0.09 | 0.22 | 80 | Consumer Defensive | |
| Micron Technology, Inc. | -0.02 | 0.04 | 0.12 | 99 | Technology | |
| Sunoco LP | 0.00 | 0.10 | 0.21 | 80 | Energy | |
| NVIDIA Corporation | 0.00 | 0.02 | 0.12 | 80 | Technology | |
| Broadcom Inc. | 0.01 | 0.08 | 0.19 | 76 | Technology |
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Build a portfolio that complements GD
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Analyze a portfolio with GD