Looking to balance out your exposure to GL? The ETFs below have the lowest correlation with GL — they tend to move on their own, which can help reduce risk when GL drops. The stock ideas table highlights individual companies that behave independently from GL.
Best Diversifiers for GL
2 ETFs have low correlation with GL (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.03, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.03 | 0.11 | 0.22 | 96 | Semiconductors, Technology Equities | GL vs SMH | |
| Invesco QQQ ETF | 0.16 | 0.18 | 0.29 | 74 | Nasdaq-100 | GL vs QQQ | |
| Vanguard S&P 500 ETF | 0.31 | 0.32 | 0.44 | 74 | S&P 500 | GL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.32 | 0.44 | 74 | S&P 500 | GL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GL and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.10, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.10 | 0.05 | 0.15 | 63 | Basic Materials | |
| NVIDIA Corporation | -0.04 | 0.02 | 0.13 | 80 | Technology | |
| Chevron Corporation | -0.01 | 0.12 | 0.25 | 84 | Energy | |
| Exxon Mobil Corporation | -0.01 | 0.12 | 0.25 | 86 | Energy | |
| Broadcom Inc. | 0.04 | 0.08 | 0.20 | 76 | Technology |
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