Looking to balance out your exposure to GLO? The ETFs below have the lowest correlation with GLO — they tend to move on their own, which can help reduce risk when GLO drops. The stock ideas table highlights individual companies that behave independently from GLO.
Best Diversifiers for GLO
0 ETFs have low correlation with GLO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.64, roughly unchanged from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.64 | 0.63 | 0.61 | 75 | Momentum, S&P 500 | GLO vs SPMO | |
| iShares Global Equity Factor ETF | 0.69 | 0.72 | 0.69 | 73 | Global Equities | GLO vs GLOF | |
| NEOS S&P 500 High Income ETF | 0.72 | 0.71 | — | 71 | Derivative Income, S&P 500 | GLO vs SPYI | |
| ProShares UltraPro S&P 500 | 0.73 | 0.72 | 0.69 | 62 | Leveraged Equities, S&P 500 | GLO vs UPRO | |
| State Street SPDR S&P 500 ETF | 0.73 | 0.72 | 0.69 | 70 | S&P 500 | GLO vs SPY |
See all 6 diversifiers for GLO
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Diversification Analysis
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