Looking to balance out your exposure to GL? The ETFs below have historically moved differently from GL, 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 GL
4 ETFs have low correlation with GL (below 0.3), 1 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.03 | 0.08 | 0.21 | 87 | Semiconductors, Technology Equities | GL vs SMH | |
| Invesco QQQ ETF | 0.04 | 0.16 | 0.28 | 54 | Nasdaq-100 | GL vs QQQ | |
| Vanguard S&P 500 ETF | 0.18 | 0.30 | 0.42 | 72 | S&P 500 | GL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.18 | 0.30 | 0.42 | 71 | S&P 500 | GL vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GL, 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 CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.11, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.11 | 0.02 | 0.11 | 64 | Basic Materials | |
| Micron Technology, Inc. | -0.11 | 0.02 | 0.15 | 99 | Technology | |
| Bunge Limited | -0.10 | 0.06 | 0.21 | 74 | Consumer Defensive | |
| Baidu, Inc. | -0.08 | 0.03 | 0.11 | 61 | Communication Services | |
| NVIDIA Corporation | -0.08 | 0.02 | 0.13 | 63 | Technology |
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