Looking to balance out your exposure to GLO? The ETFs below have historically moved differently from GLO, 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 GLO
0 ETFs have low correlation with GLO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Global Equity Factor ETF (GLOF) (Global Equities) with a 1Y correlation of 0.71, roughly unchanged from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Equity Factor ETF | 0.71 | 0.73 | 0.70 | 77 | Global Equities | GLO vs GLOF | |
| NEOS S&P 500 High Income ETF | 0.74 | 0.72 | — | 72 | Derivative Income, S&P 500 | GLO vs SPYI | |
| ProShares UltraPro S&P 500 | 0.75 | 0.73 | 0.71 | 50 | Leveraged Equities, S&P 500 | GLO vs UPRO | |
| State Street SPDR S&P 500 ETF | 0.75 | 0.73 | 0.70 | 67 | S&P 500 | GLO vs SPY | |
| Vanguard S&P 500 ETF | 0.75 | 0.74 | 0.71 | 68 | S&P 500 | GLO vs VOO |
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