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
85 ETFs have low correlation with GE (below 0.3), 7 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.14, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.02 | 0.00 | 100 | Ultrashort Bond | GE vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.02 | 0.00 | 100 | Government Bonds, Ultrashort Bond | GE vs USFR | |
| Global X MLP & Energy Infrastructure ETF | -0.06 | 0.18 | 0.34 | 55 | MLPs | GE vs MLPX | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.04 | -0.04 | -0.00 | 100 | Government Bonds, Ultrashort Bond | GE vs BIL | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.03 | -0.01 | 0.04 | 83 | Inflation-Protected Bonds | GE vs VTIP |
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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 -0.23, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.23 | 0.02 | 0.19 | 65 | Energy | |
| Phillips 66 | -0.23 | 0.05 | 0.23 | 81 | Energy | |
| Exxon Mobil Corporation | -0.21 | 0.01 | 0.20 | 72 | Energy | |
| Dow Inc. | -0.21 | 0.05 | 0.27 | 55 | Basic Materials | |
| Chevron Corporation | -0.20 | 0.04 | 0.22 | 70 | Energy |
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Build a portfolio that complements GE
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