Looking to balance out your exposure to GILD? The ETFs below have the lowest correlation with GILD — they tend to move on their own, which can help reduce risk when GILD drops. The stock ideas table highlights individual companies that behave independently from GILD.
Best Diversifiers for GILD
252 ETFs have low correlation with GILD (below 0.3), 14 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.14, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.14 | -0.09 | -0.03 | 66 | Oil & Gas | GILD vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.14 | -0.07 | -0.02 | 54 | Leveraged Commodities | GILD vs UCO | |
| Invesco DB Commodity Index Tracking Fund | -0.12 | -0.05 | 0.00 | 75 | Commodities | GILD vs DBC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.11 | -0.06 | -0.01 | 71 | Commodities | GILD vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.10 | -0.05 | 0.00 | 74 | Commodities | GILD vs PDBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GILD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GILD and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.10, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.10 | -0.00 | 0.02 | 86 | Energy | |
| Oracle Corporation | -0.08 | 0.00 | 0.10 | 58 | Technology | |
| CF Industries Holdings, Inc. | -0.08 | 0.02 | 0.06 | 60 | Basic Materials | |
| AppLovin Corporation | -0.07 | -0.06 | 0.04 | 59 | Technology | |
| Valero Energy Corporation | -0.07 | 0.05 | 0.07 | 93 | Energy |
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