Looking to balance out your exposure to GEN? The ETFs below have the lowest correlation with GEN — they tend to move on their own, which can help reduce risk when GEN drops. The stock ideas table highlights individual companies that behave independently from GEN.
Best Diversifiers for GEN
2 ETFs have low correlation with GEN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.25, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.25 | 0.38 | 0.43 | 69 | Technology Equities | GEN vs XLK | |
| Vanguard Information Technology ETF | 0.27 | 0.39 | 0.45 | 60 | Technology Equities | GEN vs VGT | |
| Invesco QQQ ETF | 0.31 | 0.40 | 0.45 | 64 | Nasdaq-100 | GEN vs QQQ | |
| Vanguard S&P 500 ETF | 0.37 | 0.49 | 0.51 | 63 | S&P 500 | GEN vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GEN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GEN and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.10, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.10 | 0.07 | 0.14 | 97 | Healthcare | |
| AbbVie Inc. | -0.09 | 0.11 | 0.14 | 78 | Healthcare | |
| The Southern Company | -0.07 | 0.09 | 0.15 | 59 | Utilities | |
| Seagate Technology plc | -0.04 | 0.17 | 0.26 | 99 | Technology | |
| Intel Corporation | -0.03 | 0.20 | 0.26 | 99 | Technology |
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