Looking to diversify beyond GIGL? The ETFs below have the lowest correlation with GIGL — 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 GIGL.
Best Diversifiers for GIGL
1 ETFs have low correlation with GIGL (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Floating Rate Bond ETF (FLOT) (Ultrashort Bond) with a 1Y correlation of 0.17, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Floating Rate Bond ETF | 0.17 | 0.17 | 0.17 | 99 | Ultrashort Bond, Corporate Bonds | GIGL vs FLOT |
Diversification Analysis
Build a portfolio that complements GIGL
Add GIGL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GIGL