Looking to balance out your exposure to GEV? The ETFs below have historically moved differently from GEV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GEV
103 ETFs have low correlation with GEV (below 0.3), 39 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fun... | -0.17 | — | — | 92 | Large Cap Value Equities, Dividend | GEV vs FDL | |
| Invesco High Yield Equity Dividend Achievers™ ETF | -0.15 | — | — | 77 | Mid Cap Value Equities, Dividend | GEV vs PEY | |
| WisdomTree Floating Rate Treasury Fund | -0.15 | — | — | 100 | Government Bonds, Ultrashort Bond | GEV vs USFR | |
| Vanguard Ultra-Short Treasury ETF | -0.15 | — | — | 100 | Ultrashort Bond, Government Bonds | GEV vs VGUS | |
| Invesco S&P 500® High Dividend Low Volatility ETF | -0.14 | — | — | 55 | Dividend, S&P 500, Low Volatility | GEV vs SPHD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GEV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.29, roughly unchanged from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.29 | -0.19 | -0.19 | 62 | Financial Services | |
| Verizon Communications Inc. | -0.26 | — | — | 66 | Communication Services | |
| Colgate-Palmolive Company | -0.23 | — | — | 57 | Consumer Defensive | |
| The Coca-Cola Company | -0.21 | — | — | 87 | Consumer Defensive | |
| Northwest Natural Holding Company | -0.21 | -0.05 | -0.05 | 79 | Utilities |
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