Looking to balance out your exposure to GLAD? The ETFs below have historically moved differently from GLAD, 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 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 -0.06, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Treasury Floating Rate Bond ETF | -0.06 | 0.03 | -0.01 | 100 | Government Bonds, Ultrashort Bond | GLAD vs TFLO | |
| Nuveen AA-BBB CLO ETF | 0.01 | — | — | 67 | CLO | GLAD vs NCLO | |
| VanEck IG Floating Rate ETF | 0.04 | 0.13 | 0.12 | 99 | Corporate Bonds, Ultrashort Bond | GLAD vs FLTR | |
| Invesco Variable Rate Investment Grade ETF | 0.06 | 0.12 | 0.10 | 99 | Ultrashort Bond, Investment Grade Bonds | GLAD vs VRIG | |
| VanEck Semiconductor ETF | 0.07 | 0.17 | 0.27 | 88 | Semiconductors, Technology Equities | GLAD vs SMH |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GLAD, 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 FirstEnergy Corp. (FE) (Utilities) with a 1Y correlation of -0.11, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| FirstEnergy Corp. | -0.11 | 0.11 | 0.20 | 71 | Utilities | |
| AbbVie Inc. | -0.10 | 0.09 | 0.13 | 76 | Healthcare | |
| Ventas, Inc. | -0.08 | 0.12 | 0.23 | 88 | Real Estate | |
| Devon Energy Corporation | -0.06 | 0.11 | 0.22 | 78 | Energy | |
| Altria Group, Inc. | -0.04 | 0.07 | 0.14 | 66 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
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.
Analyze a portfolio with GLAD