Looking to balance out your exposure to GLOB? The ETFs below have historically moved differently from GLOB, 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 GLOB
3 ETFs have low correlation with GLOB (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.12, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.12 | 0.32 | 0.48 | 55 | Technology Equities | GLOB vs XLK | |
| State Street Health Care Select Sector SPDR ETF | 0.25 | 0.30 | 0.35 | 72 | Health & Biotech Equities | GLOB vs XLV | |
| State Street SPDR S&P 500 ETF | 0.26 | 0.39 | 0.52 | 67 | S&P 500 | GLOB vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GLOB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is First Solar, Inc. (FSLR) (Technology) with a 1Y correlation of -0.10, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| First Solar, Inc. | -0.10 | 0.12 | 0.22 | 58 | Technology | |
| Broadcom Inc. | -0.05 | 0.18 | 0.33 | 67 | Technology | |
| NVIDIA Corporation | -0.04 | 0.15 | 0.37 | 56 | Technology | |
| NextEra Energy, Inc. | -0.04 | 0.07 | 0.18 | 77 | Utilities | |
| Arista Networks, Inc. | -0.02 | 0.18 | 0.34 | 71 | Technology |
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