Looking to balance out your exposure to GIL? The ETFs below have the lowest correlation with GIL — they tend to move on their own, which can help reduce risk when GIL drops. The stock ideas table highlights individual companies that behave independently from GIL.
Best Diversifiers for GIL
5 ETFs have low correlation with GIL (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.21, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.21 | -0.01 | 0.12 | 75 | Commodities | GIL vs DBC | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.06 | 0.01 | 0.10 | 93 | Inflation-Protected Bonds | GIL vs VTIP | |
| Janus Henderson AAA CLO ETF | 0.14 | 0.09 | 0.08 | 98 | CLO | GIL vs JAAA | |
| Janus Henderson B-BBB CLO ETF | 0.20 | 0.10 | — | 51 | CLO | GIL vs JBBB | |
| Janus Henderson Short Duration Income ETF | 0.21 | 0.14 | 0.08 | 98 | Ultrashort Bond | GIL vs VNLA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GIL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GIL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | 0.05 | 0.13 | 69 | Consumer Defensive | |
| The Hershey Company | 0.17 | 0.11 | 0.11 | 55 | Consumer Defensive | |
| NVIDIA Corporation | 0.18 | 0.18 | 0.34 | 78 | Technology | |
| Innodata Inc. | 0.21 | 0.24 | 0.30 | 78 | Technology | |
| Rogers Communications Inc. | 0.25 | 0.25 | 0.30 | 83 | Communication Services |
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Build a portfolio that complements GIL
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