Looking to balance out your exposure to GE? The ETFs below have the lowest correlation with GE — they tend to move on their own, which can help reduce risk when GE drops. The stock ideas table highlights individual companies that behave independently from GE.
Best Diversifiers for GE
106 ETFs have low correlation with GE (below 0.3), 14 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.15, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.15 | 0.11 | 0.28 | 63 | Energy Equities | GE vs XLE | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.14 | -0.01 | 0.12 | 74 | Commodities | GE vs PDBC | |
| United States Oil Fund LP | -0.12 | 0.00 | 0.10 | 66 | Oil & Gas | GE vs USO | |
| Vanguard Energy ETF | -0.11 | 0.14 | 0.29 | 64 | Energy Equities | GE vs VDE | |
| ProShares Ultra Bloomberg Crude Oil | -0.10 | 0.02 | 0.11 | 54 | Leveraged Commodities | GE vs UCO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GE and solid risk/return profiles. The least correlated is Phillips 66 (PSX) (Energy) with a 1Y correlation of -0.19, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Phillips 66 | -0.19 | 0.08 | 0.25 | 87 | Energy | |
| ConocoPhillips Company | -0.19 | 0.05 | 0.20 | 76 | Energy | |
| Exxon Mobil Corporation | -0.18 | 0.03 | 0.22 | 85 | Energy | |
| CF Industries Holdings, Inc. | -0.18 | 0.01 | 0.12 | 60 | Basic Materials | |
| Dow Inc. | -0.17 | 0.08 | 0.29 | 60 | Basic Materials |
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Build a portfolio that complements GE
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