Looking to balance out your exposure to GLMD? The ETFs below have the lowest correlation with GLMD — they tend to move on their own, which can help reduce risk when GLMD drops. The stock ideas table highlights individual companies that behave independently from GLMD.
Best Diversifiers for GLMD
2 ETFs have low correlation with GLMD (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Copper Miners ETF (COPX) (Materials) with a 1Y correlation of 0.16, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Copper Miners ETF | 0.16 | 0.20 | 0.17 | 75 | Materials | GLMD vs COPX | |
| Vanguard High Dividend Yield ETF | 0.22 | 0.16 | 0.13 | 77 | Dividend | GLMD vs VYM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLMD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLMD and solid risk/return profiles. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.12, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.12 | 0.12 | 0.13 | 96 | Communication Services | |
| Kinross Gold Corporation | 0.14 | 0.14 | 0.11 | 79 | Basic Materials | |
| SkyWater Technology, Inc. | 0.29 | 0.17 | 0.17 | 95 | Technology |
Build a portfolio that complements GLMD
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