Looking to balance out your exposure to GE? The ETFs below have historically moved differently from GE, 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 GE
93 ETFs have low correlation with GE (below 0.3), 19 of which are negatively correlated. The least correlated is SPDR S&P Oil & Gas Exploration & Production ETF (XOP) (Energy Equities) with a 1Y correlation of -0.20, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.20 | 0.04 | 0.24 | 60 | Energy Equities | GE vs XOP | |
| State Street Energy Select Sector SPDR ETF | -0.20 | 0.05 | 0.24 | 75 | Energy Equities | GE vs XLE | |
| Vanguard Energy ETF | -0.19 | 0.06 | 0.25 | 76 | Energy Equities | GE vs VDE | |
| KFA Mount Lucas Index Strategy ETF | -0.18 | -0.07 | -0.10 | 51 | Systematic Trend | GE vs KMLM | |
| iShares Global Energy ETF | -0.18 | 0.05 | 0.24 | 81 | Energy Equities | GE vs IXC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GE, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.24, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.24 | -0.01 | 0.17 | 73 | Energy | |
| Occidental Petroleum Corporation | -0.24 | -0.01 | 0.16 | 68 | Energy | |
| Devon Energy Corporation | -0.24 | 0.00 | 0.18 | 78 | Energy | |
| Exxon Mobil Corporation | -0.23 | -0.03 | 0.17 | 85 | Energy | |
| Dow Inc. | -0.22 | 0.01 | 0.24 | 73 | Basic Materials |
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