Looking to balance out your exposure to GFL? The ETFs below have the lowest correlation with GFL — they tend to move on their own, which can help reduce risk when GFL drops. The stock ideas table highlights individual companies that behave independently from GFL.
Best Diversifiers for GFL
6 ETFs have low correlation with GFL (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity International Value Factor ETF (FIVA) (Foreign Large Cap Equities) with a 1Y correlation of 0.01, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity International Value Factor ETF | 0.01 | 0.15 | 0.33 | 67 | Foreign Large Cap Equities | GFL vs FIVA | |
| Vanguard Information Technology ETF | 0.02 | 0.18 | 0.35 | 76 | Technology Equities | GFL vs VGT | |
| Invesco QQQ ETF | 0.03 | 0.20 | 0.37 | 73 | Nasdaq-100 | GFL vs QQQ | |
| Vanguard S&P 500 ETF | 0.09 | 0.25 | 0.43 | 70 | S&P 500 | GFL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.09 | 0.25 | 0.42 | 70 | S&P 500 | GFL vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GFL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GFL and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of -0.07, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | -0.07 | 0.10 | 0.29 | 89 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.03 | 0.09 | 0.20 | 95 | Technology | |
| Broadcom Inc. | -0.01 | 0.13 | 0.25 | 84 | Technology | |
| General Electric Company | 0.00 | 0.17 | 0.28 | 65 | Industrials | |
| Verizon Communications Inc. | 0.02 | 0.10 | 0.11 | 59 | Communication Services |
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