Looking to balance out your exposure to GDDY? The ETFs below have the lowest correlation with GDDY — they tend to move on their own, which can help reduce risk when GDDY drops. The stock ideas table highlights individual companies that behave independently from GDDY.
Best Diversifiers for GDDY
7 ETFs have low correlation with GDDY (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.01, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.01 | 0.05 | 0.10 | 74 | Commodities | GDDY vs PDBC | |
| VanEck Semiconductor ETF | 0.00 | 0.26 | 0.41 | 96 | Semiconductors, Technology Equities | GDDY vs SMH | |
| iShares S&P GSCI Commodity-Indexed Trust | 0.01 | 0.07 | 0.11 | 71 | Commodities | GDDY vs GSG | |
| iShares 0-3 Month Treasury Bond ETF | 0.03 | 0.01 | -0.00 | 100 | Ultrashort Bond | GDDY vs SGOV | |
| Invesco QQQ ETF | 0.20 | 0.39 | 0.52 | 73 | Nasdaq-100 | GDDY vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDDY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDDY and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.18, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.18 | -0.11 | 0.00 | 92 | Healthcare | |
| Altria Group, Inc. | -0.17 | 0.01 | 0.05 | 69 | Consumer Defensive | |
| Seagate Technology plc | -0.16 | 0.08 | 0.23 | 99 | Technology | |
| American Electric Power Company, Inc. | -0.12 | -0.02 | 0.06 | 79 | Utilities | |
| Freeport-McMoRan Inc. | -0.11 | 0.09 | 0.22 | 80 | Basic Materials |
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Build a portfolio that complements GDDY
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