Looking to balance out your exposure to GGAL? The ETFs below have the lowest correlation with GGAL — they tend to move on their own, which can help reduce risk when GGAL drops. The stock ideas table highlights individual companies that behave independently from GGAL.
Best Diversifiers for GGAL
1 ETFs have low correlation with GGAL (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Vectors Investment Grade Floating Rate ETF (FLTR) (Corporate Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Investment Grade Floating Rate ETF | 0.02 | 0.06 | 0.12 | 99 | Corporate Bonds | GGAL vs FLTR | |
| Invesco QQQ ETF | 0.37 | 0.33 | 0.30 | 73 | Nasdaq-100 | GGAL vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.34 | 0.34 | 70 | S&P 500 | GGAL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GGAL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GGAL and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.18 | 0.00 | 0.03 | 63 | Consumer Defensive | |
| Hachijuni Bank Ltd ADR | -0.09 | -0.03 | 0.01 | 83 | Financial Services | |
| Kinder Morgan, Inc. | -0.08 | 0.10 | 0.21 | 60 | Energy | |
| UCB SA ADR | -0.02 | 0.08 | 0.12 | 83 | Healthcare | |
| Eli Lilly and Company | 0.00 | 0.08 | 0.11 | 72 | Healthcare |
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