Looking to balance out your exposure to GGB? The ETFs below have the lowest correlation with GGB — they tend to move on their own, which can help reduce risk when GGB drops. The stock ideas table highlights individual companies that behave independently from GGB.
Best Diversifiers for GGB
0 ETFs have low correlation with GGB (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.34, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.34 | 0.37 | 0.40 | 80 | Dividend | GGB vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.48 | 0.41 | 0.39 | 70 | S&P 500 | GGB vs SPY | |
| Vanguard S&P 500 ETF | 0.49 | 0.42 | 0.39 | 70 | S&P 500 | GGB vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GGB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GGB and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.11, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.11 | 0.13 | 0.14 | 59 | Communication Services | |
| Medical Properties Trust, Inc | 0.11 | 0.19 | 0.21 | 56 | Real Estate | |
| Union Pacific Corporation | 0.20 | 0.26 | 0.29 | 68 | Industrials | |
| Petróleo Brasileiro S.A. - Petrobras | 0.21 | 0.35 | 0.43 | 86 | Energy | |
| Commercial Metals Company | 0.49 | 0.44 | 0.46 | 79 | Basic Materials |
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