Looking to diversify beyond GIGB? The ETFs below have historically moved differently from GIGB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GIGB
488 ETFs have low correlation with GIGB (below 0.3), 108 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.45 | -0.46 | 56 | Leveraged Currency | GIGB vs YCS | |
| Invesco DB Energy Fund | -0.44 | -0.24 | -0.13 | 72 | Oil & Gas | GIGB vs DBE | |
| United States Oil Fund LP | -0.43 | -0.23 | -0.13 | 55 | Oil & Gas | GIGB vs USO | |
| Invesco DB Oil Fund | -0.43 | -0.23 | -0.12 | 58 | Oil & Gas | GIGB vs DBO | |
| United States Brent Oil Fund LP | -0.42 | -0.23 | -0.13 | 52 | Oil & Gas | GIGB vs BNO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GIGB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.09, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.09 | 0.10 | 0.18 | 56 | Technology | |
| Apple Inc | 0.22 | 0.23 | 0.25 | 89 | Technology |
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