Looking to balance out your exposure to GLNG? The ETFs below have the lowest correlation with GLNG — they tend to move on their own, which can help reduce risk when GLNG drops. The stock ideas table highlights individual companies that behave independently from GLNG.
Best Diversifiers for GLNG
4 ETFs have low correlation with GLNG (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Quality ETF | -0.03 | — | — | 63 | Large Cap Blend Equities | GLNG vs QLTY | |
| Vanguard S&P 500 ETF | 0.06 | 0.24 | 0.31 | 66 | S&P 500 | GLNG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.06 | 0.24 | 0.31 | 65 | S&P 500 | GLNG vs SPY | |
| iShares MSCI Japan Small Cap ETF | 0.08 | 0.15 | 0.22 | 66 | Japan Equities, Asia Pacific Equities | GLNG vs SCJ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLNG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLNG and solid risk/return profiles. The least correlated is Crocs, Inc. (CROX) (Consumer Cyclical) with a 1Y correlation of -0.14, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Crocs, Inc. | -0.14 | 0.11 | 0.20 | 65 | Consumer Cyclical | |
| The Chefs' Warehouse, Inc. | -0.13 | 0.14 | 0.23 | 84 | Consumer Defensive | |
| Johnson & Johnson | -0.13 | -0.04 | -0.02 | 96 | Healthcare | |
| HCA Healthcare, Inc. | -0.13 | 0.02 | 0.09 | 50 | Healthcare | |
| Amazon.com, Inc | -0.11 | 0.10 | 0.18 | 56 | Consumer Cyclical |
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