Looking to balance out your exposure to GLNCY? The ETFs below have the lowest correlation with GLNCY — they tend to move on their own, which can help reduce risk when GLNCY drops. The stock ideas table highlights individual companies that behave independently from GLNCY.
Best Diversifiers for GLNCY
2 ETFs have low correlation with GLNCY (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Income ETF (JPST) (Ultrashort Bond) with a 1Y correlation of 0.08, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF | 0.08 | 0.06 | 0.01 | 99 | Ultrashort Bond | GLNCY vs JPST | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | 0.28 | 0.31 | 0.39 | 74 | Commodities | GLNCY vs SDCI | |
| SPDR Portfolio S&P 500 Value ETF | 0.33 | 0.38 | 0.42 | 66 | S&P 500, Large Cap Value Equities | GLNCY vs SPYV | |
| Vanguard Extended Market ETF | 0.33 | 0.40 | 0.40 | 50 | Mid Cap Blend Equities | GLNCY vs VXF | |
| Vanguard Total Stock Market ETF | 0.34 | 0.39 | 0.40 | 68 | Large Cap Blend Equities | GLNCY vs VTI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLNCY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLNCY and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.01 | 0.05 | 0.13 | 66 | Consumer Defensive | |
| TKO Group Holdings Inc. | 0.11 | — | — | 62 | Communication Services | |
| Oracle Corporation | 0.13 | 0.19 | 0.22 | 58 | Technology | |
| Bank of America Corporation | 0.17 | 0.26 | 0.31 | 64 | Financial Services | |
| Shin-Etsu Chemical Co Ltd ADR | 0.18 | 0.30 | 0.29 | 77 | Basic Materials |
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Build a portfolio that complements GLNCY
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