Looking to balance out your exposure to GDOT? The ETFs below have historically moved differently from GDOT, 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 GDOT
0 ETFs have low correlation with GDOT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.38, roughly unchanged from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.38 | 0.34 | 0.46 | 67 | S&P 500 | GDOT vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GDOT, 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 Mizuho Financial Group, Inc. (MFG) (Financial Services) with a 1Y correlation of 0.06, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mizuho Financial Group, Inc. | 0.06 | 0.11 | 0.18 | 91 | Financial Services | |
| Oscar Health, Inc. | 0.09 | 0.16 | 0.29 | 84 | Healthcare | |
| FirstCash, Inc. | 0.14 | 0.27 | 0.34 | 89 | Financial Services | |
| Opendoor Technologies Inc. | 0.16 | 0.26 | 0.37 | 76 | Real Estate | |
| Ducommun Incorporated | 0.19 | 0.24 | 0.30 | 95 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GDOT
Add GDOT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GDOT