Looking to balance out your exposure to GEVO? The ETFs below have the lowest correlation with GEVO — they tend to move on their own, which can help reduce risk when GEVO drops. The stock ideas table highlights individual companies that behave independently from GEVO.
Best Diversifiers for GEVO
4 ETFs have low correlation with GEVO (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.19, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.19 | 0.20 | 0.34 | 96 | Semiconductors, Technology Equities | GEVO vs SMH | |
| State Street SPDR S&P 500 ETF | 0.26 | 0.28 | 0.41 | 74 | S&P 500 | GEVO vs SPY | |
| Vanguard S&P 500 ETF | 0.26 | 0.28 | 0.40 | 74 | S&P 500 | GEVO vs VOO | |
| Vanguard Total Stock Market ETF | 0.29 | 0.32 | 0.44 | 73 | Large Cap Blend Equities | GEVO vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GEVO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GEVO and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.11, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.11 | 0.03 | 0.02 | 57 | Utilities | |
| Walmart Inc. | -0.06 | 0.04 | 0.10 | 66 | Consumer Defensive | |
| NVIDIA Corporation | 0.06 | 0.09 | 0.27 | 80 | Technology | |
| Broadcom Inc. | 0.06 | 0.13 | 0.25 | 76 | Technology | |
| General Electric Company | 0.07 | 0.13 | 0.27 | 69 | Industrials |
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