Looking to balance out your exposure to GDOT? The ETFs below have the lowest correlation with GDOT — they tend to move on their own, which can help reduce risk when GDOT drops. The stock ideas table highlights individual companies that behave independently from GDOT.
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 0.44, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.44 | 0.36 | 0.46 | 70 | S&P 500 | GDOT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDOT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDOT and solid risk/return profiles. The least correlated is Oscar Health, Inc. (OSCR) (Healthcare) with a 1Y correlation of 0.03, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oscar Health, Inc. | 0.03 | 0.16 | 0.28 | 59 | Healthcare | |
| Mizuho Financial Group, Inc. | 0.06 | 0.12 | 0.19 | 86 | Financial Services | |
| Opendoor Technologies Inc. | 0.09 | 0.26 | 0.37 | 96 | Real Estate | |
| Ducommun Incorporated | 0.19 | 0.26 | 0.32 | 93 | Industrials | |
| Compass, Inc. | 0.24 | 0.31 | 0.40 | 54 | Technology |
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