Looking to balance out your exposure to GLOB? The ETFs below have the lowest correlation with GLOB — they tend to move on their own, which can help reduce risk when GLOB drops. The stock ideas table highlights individual companies that behave independently from GLOB.
Best Diversifiers for GLOB
3 ETFs have low correlation with GLOB (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Global Clean Energy ETF (ICLN) (Alternative Energy Equities) with a 1Y correlation of -0.00, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Clean Energy ETF | -0.00 | 0.21 | 0.37 | 53 | Alternative Energy Equities | GLOB vs ICLN | |
| State Street Technology Select Sector SPDR ETF | 0.15 | 0.34 | 0.49 | 68 | Technology Equities | GLOB vs XLK | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.40 | 0.53 | 67 | S&P 500 | GLOB vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLOB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLOB and solid risk/return profiles. The least correlated is First Solar, Inc. (FSLR) (Technology) with a 1Y correlation of -0.08, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| First Solar, Inc. | -0.08 | 0.14 | 0.24 | 67 | Technology | |
| The Coca-Cola Company | -0.06 | 0.02 | 0.11 | 82 | Consumer Defensive | |
| NextEra Energy, Inc. | -0.02 | 0.08 | 0.18 | 72 | Utilities | |
| Broadcom Inc. | -0.01 | 0.21 | 0.35 | 73 | Technology | |
| Lockheed Martin Corporation | 0.02 | 0.04 | 0.04 | 60 | Industrials |
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