Looking to balance out your exposure to GIPR? The ETFs below have the lowest correlation with GIPR — they tend to move on their own, which can help reduce risk when GIPR drops. The stock ideas table highlights individual companies that behave independently from GIPR.
Best Diversifiers for GIPR
2 ETFs have low correlation with GIPR (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.22, roughly unchanged from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.22 | 0.17 | — | 73 | Nasdaq-100 | GIPR vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.19 | — | 70 | S&P 500 | GIPR vs SPY |
Diversification Analysis
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