Looking to balance out your exposure to GJO? The ETFs below have the lowest correlation with GJO — they tend to move on their own, which can help reduce risk when GJO drops. The stock ideas table highlights individual companies that behave independently from GJO.
Best Diversifiers for GJO
3 ETFs have low correlation with GJO (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Senior Loan Fund (FTSL) (High Yield Bonds) with a 1Y correlation of 0.03, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Senior Loan Fund | 0.03 | -0.04 | -0.02 | 66 | High Yield Bonds | GJO vs FTSL | |
| Vanguard S&P 500 ETF | 0.04 | 0.02 | 0.02 | 59 | S&P 500 | GJO vs VOO | |
| State Street Blackstone Senior Loan ETF | 0.06 | 0.02 | 0.01 | 53 | Bank Loan, High Yield Bonds | GJO vs SRLN |
Diversification Analysis
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