Looking to balance out your exposure to GLBE? The ETFs below have the lowest correlation with GLBE — they tend to move on their own, which can help reduce risk when GLBE drops. The stock ideas table highlights individual companies that behave independently from GLBE.
Best Diversifiers for GLBE
0 ETFs have low correlation with GLBE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.39, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.39 | 0.45 | 0.50 | 70 | S&P 500 | GLBE vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLBE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLBE and solid risk/return profiles. The least correlated is Nova Ltd (NVMI) (Technology) with a 1Y correlation of 0.10, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nova Ltd | 0.10 | 0.26 | 0.35 | 92 | Technology | |
| Teva Pharmaceutical Industries Limited | 0.14 | 0.15 | 0.22 | 90 | Healthcare | |
| Elbit Systems Ltd | 0.14 | 0.13 | 0.12 | 88 | Industrials | |
| Tower Semiconductor Ltd | 0.17 | 0.27 | 0.29 | 99 | Technology | |
| Rigetti Computing Inc | 0.20 | 0.30 | 0.28 | 68 | Technology |
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