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
91 ETFs have low correlation with GE (below 0.3), 17 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 -0.20, 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... | -0.20 | -0.05 | 0.10 | 60 | Commodities | GE vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.19 | -0.04 | 0.10 | 59 | Commodities | GE vs DBC | |
| State Street Energy Select Sector SPDR ETF | -0.18 | 0.06 | 0.26 | 54 | Energy Equities | GE vs XLE | |
| iShares Global Energy ETF | -0.18 | 0.06 | 0.26 | 61 | Energy Equities | GE vs IXC | |
| Vanguard Energy ETF | -0.17 | 0.07 | 0.26 | 55 | Energy Equities | GE vs VDE |
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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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.24, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.24 | 0.00 | 0.18 | 66 | Energy | |
| Devon Energy Corporation | -0.24 | 0.01 | 0.20 | 73 | Energy | |
| Occidental Petroleum Corporation | -0.22 | -0.00 | 0.18 | 64 | Energy | |
| Phillips 66 | -0.20 | 0.04 | 0.22 | 90 | Energy | |
| Exxon Mobil Corporation | -0.20 | -0.01 | 0.19 | 76 | Energy |
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Build a portfolio that complements GE
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