Looking to balance out your exposure to GIL? The ETFs below have historically moved differently from GIL, 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 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 -0.24, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.24 | -0.05 | 0.09 | 71 | Commodities | GIL vs DBC | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.01 | 0.02 | 0.09 | 92 | Inflation-Protected Bonds | GIL vs VTIP | |
| Janus Henderson AAA CLO ETF | 0.10 | 0.07 | 0.07 | 99 | CLO | GIL vs JAAA | |
| Janus Henderson Short Duration Income ETF | 0.19 | 0.14 | 0.08 | 99 | Ultrashort Bond | GIL vs VNLA | |
| Janus Henderson B-BBB CLO ETF | 0.22 | 0.12 | — | 60 | CLO | GIL vs JBBB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GIL, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.04 | 0.12 | 66 | Consumer Defensive | |
| NVIDIA Corporation | 0.13 | 0.17 | 0.33 | 56 | Technology | |
| Innodata Inc. | 0.14 | 0.22 | 0.28 | 56 | Technology | |
| Target Corporation | 0.37 | 0.34 | 0.41 | 84 | Consumer Defensive | |
| Ford Motor Company | 0.39 | 0.35 | 0.44 | 78 | Consumer Cyclical |
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