Looking to balance out your exposure to GLBZ? The ETFs below have the lowest correlation with GLBZ — they tend to move on their own, which can help reduce risk when GLBZ drops. The stock ideas table highlights individual companies that behave independently from GLBZ.
Best Diversifiers for GLBZ
1 ETFs have low correlation with GLBZ (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.03, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.03 | 0.03 | 0.04 | 74 | S&P 500 | GLBZ vs VOO |
Diversification Analysis
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