Looking to balance out your exposure to GLBE? The ETFs below have historically moved differently from GLBE, 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 GLBE
2 ETFs have low correlation with GLBE (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TBG Dividend Focus ETF | 0.16 | — | — | 85 | Large Cap Value Equities | GLBE vs TBG | |
| Vanguard S&P 500 ETF | 0.30 | 0.42 | 0.49 | 68 | S&P 500 | GLBE vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GLBE, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.03, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.03 | 0.12 | 0.11 | 83 | Healthcare | |
| Marvell Technology, Inc. | -0.01 | 0.22 | 0.36 | 87 | Technology | |
| Nova Ltd | 0.00 | 0.22 | 0.32 | 71 | Technology | |
| Tower Semiconductor Ltd | 0.01 | 0.22 | 0.25 | 98 | Technology | |
| Ero Copper Corp | 0.03 | 0.17 | 0.20 | 83 | Basic Materials |
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