Looking to balance out your exposure to GLNCY? The ETFs below have historically moved differently from GLNCY, 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 GLNCY
2 ETFs have low correlation with GLNCY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Healthcare ETF (IYH) (Health & Biotech Equities) with a 1Y correlation of 0.08, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Healthcare ETF | 0.08 | 0.17 | 0.21 | 54 | Health & Biotech Equities | GLNCY vs IYH | |
| JPMorgan Ultra-Short Income ETF | 0.11 | 0.08 | 0.02 | 99 | Ultrashort Bond | GLNCY vs JPST | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | 0.31 | 0.31 | 0.39 | 76 | Commodities | GLNCY vs SDCI | |
| SPDR Portfolio S&P 500 Value ETF | 0.31 | 0.35 | 0.40 | 86 | S&P 500, Large Cap Value Equities | GLNCY vs SPYV | |
| Vanguard Extended Market ETF | 0.36 | 0.39 | 0.39 | 57 | Mid Cap Blend Equities | GLNCY vs VXF |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GLNCY, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.13 | -0.01 | 0.09 | 86 | Consumer Defensive | |
| TKO Group Holdings Inc. | 0.08 | 0.17 | 0.17 | 55 | Communication Services | |
| Sonos, Inc. | 0.14 | 0.21 | 0.23 | 72 | Technology | |
| Shin-Etsu Chemical Co Ltd ADR | 0.19 | 0.30 | 0.30 | 66 | Basic Materials | |
| Bank of America Corporation | 0.20 | 0.25 | 0.30 | 84 | Financial Services |
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