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
1 ETFs have low correlation with GLBE (below 0.3), 0 of which are negatively correlated. The least correlated is TBG Dividend Focus ETF (TBG) (Large Cap Value Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TBG Dividend Focus ETF | 0.17 | 0.22 | 0.22 | 65 | Large Cap Value Equities | GLBE vs TBG | |
| Vanguard S&P 500 ETF | 0.33 | 0.43 | 0.50 | 66 | 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.01, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.01 | 0.11 | 0.11 | 80 | Healthcare | |
| Nova Ltd | 0.02 | 0.24 | 0.33 | 77 | Technology | |
| Marvell Technology, Inc. | 0.02 | 0.25 | 0.37 | 94 | Technology | |
| Ero Copper Corp | 0.06 | 0.19 | 0.21 | 75 | Basic Materials | |
| Tower Semiconductor Ltd | 0.07 | 0.25 | 0.26 | 98 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GLBE
Add GLBE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GLBE