Looking to diversify beyond GIGB? The ETFs below have the lowest correlation with GIGB — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from GIGB.
Best Diversifiers for GIGB
542 ETFs have low correlation with GIGB (below 0.3), 87 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.50, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.50 | -0.44 | -0.46 | 61 | Leveraged Currency | GIGB vs YCS | |
| Invesco DB Energy Fund | -0.43 | -0.21 | -0.12 | 71 | Oil & Gas | GIGB vs DBE | |
| United States Gasoline Fund LP | -0.42 | -0.20 | -0.11 | 69 | Oil & Gas | GIGB vs UGA | |
| Invesco DB Oil Fund | -0.42 | -0.20 | -0.12 | 65 | Oil & Gas | GIGB vs DBO | |
| United States Brent Oil Fund LP | -0.41 | -0.21 | -0.13 | 65 | Oil & Gas | GIGB vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GIGB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GIGB and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.04, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.04 | 0.11 | 0.18 | 78 | Technology | |
| Apple Inc | 0.21 | 0.25 | 0.25 | 89 | Technology |
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