Looking to balance out your exposure to GEL? The ETFs below have the lowest correlation with GEL — they tend to move on their own, which can help reduce risk when GEL drops. The stock ideas table highlights individual companies that behave independently from GEL.
Best Diversifiers for GEL
2 ETFs have low correlation with GEL (below 0.3), 0 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of 0.03, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | 0.03 | 0.03 | — | 99 | Commodities | GEL vs BWET | |
| Sprott Lithium Miners ETF | 0.03 | 0.13 | — | 87 | Energy Equities | GEL vs LITP |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GEL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GEL and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.01, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.01 | 0.07 | 0.15 | 78 | Technology | |
| Scorpio Tankers Inc. | 0.09 | 0.17 | 0.22 | 89 | Energy | |
| HF Sinclair Corp | 0.17 | 0.30 | 0.36 | 92 | Energy | |
| Exxon Mobil Corporation | 0.25 | 0.33 | 0.44 | 85 | Energy | |
| TC Energy Corporation | 0.27 | 0.31 | 0.38 | 87 | Energy |
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