Looking to balance out your exposure to GLAD? The ETFs below have the lowest correlation with GLAD — they tend to move on their own, which can help reduce risk when GLAD drops. The stock ideas table highlights individual companies that behave independently from GLAD.
Best Diversifiers for GLAD
20 ETFs have low correlation with GLAD (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Treasury Floating Rate Bond ETF (TFLO) (Government Bonds) with a 1Y correlation of -0.03, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Treasury Floating Rate Bond ETF | -0.03 | 0.03 | -0.00 | 100 | Government Bonds, Ultrashort Bond | GLAD vs TFLO | |
| Nuveen AA-BBB CLO ETF | 0.03 | — | — | 54 | CLO | GLAD vs NCLO | |
| Invesco Variable Rate Investment Grade ETF | 0.08 | 0.14 | 0.11 | 99 | Ultrashort Bond | GLAD vs VRIG | |
| YieldMax NVDA Option Income Strategy ETF | 0.11 | 0.15 | — | 52 | Derivative Income, Options Trading | GLAD vs NVDY | |
| VanEck Vectors Investment Grade Floating Rate ETF | 0.11 | 0.15 | 0.13 | 99 | Corporate Bonds | GLAD vs FLTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLAD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLAD and solid risk/return profiles. The least correlated is FirstEnergy Corp. (FE) (Utilities) with a 1Y correlation of -0.11, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| FirstEnergy Corp. | -0.11 | 0.11 | 0.21 | 65 | Utilities | |
| Ventas, Inc. | -0.09 | 0.12 | 0.24 | 80 | Real Estate | |
| Altria Group, Inc. | -0.07 | 0.08 | 0.14 | 69 | Consumer Defensive | |
| AbbVie Inc. | -0.06 | 0.10 | 0.14 | 62 | Healthcare | |
| Sunoco LP | -0.01 | 0.16 | 0.22 | 76 | Energy |
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Build a portfolio that complements GLAD
Add GLAD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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