Looking to balance out your exposure to GFI? The ETFs below have the lowest correlation with GFI — they tend to move on their own, which can help reduce risk when GFI drops. The stock ideas table highlights individual companies that behave independently from GFI.
Best Diversifiers for GFI
3 ETFs have low correlation with GFI (below 0.3), 0 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Long AVGO ETF (AVGX) (Leveraged Equities) with a 1Y correlation of 0.23, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Long AVGO ETF | 0.23 | 0.17 | 0.17 | 50 | Leveraged Equities | GFI vs AVGX | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.19 | 0.17 | 70 | S&P 500 | GFI vs SPY | |
| Vanguard S&P 500 ETF | 0.29 | 0.19 | 0.17 | 70 | S&P 500 | GFI vs VOO | |
| iShares MSCI Spain ETF | 0.33 | 0.30 | 0.26 | 55 | Europe Equities | GFI vs EWP | |
| iShares MSCI Austria ETF | 0.35 | 0.29 | 0.26 | 66 | Europe Equities | GFI vs EWO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GFI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GFI and solid risk/return profiles. The least correlated is Fox Corporation (FOX) (Communication Services) with a 1Y correlation of -0.03, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fox Corporation | -0.03 | 0.06 | 0.07 | 53 | Communication Services | |
| Cboe Global Markets, Inc. | -0.02 | 0.02 | 0.05 | 68 | Financial Services | |
| uniQure N.V. | -0.01 | 0.02 | 0.05 | 71 | Healthcare | |
| China Hongqiao Group Limited | 0.01 | — | — | 94 | Basic Materials | |
| Okta, Inc. | 0.02 | 0.08 | 0.08 | 53 | Technology |
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Build a portfolio that complements GFI
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