Looking to balance out your exposure to GLPI? The ETFs below have the lowest correlation with GLPI — they tend to move on their own, which can help reduce risk when GLPI drops. The stock ideas table highlights individual companies that behave independently from GLPI.
Best Diversifiers for GLPI
4 ETFs have low correlation with GLPI (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.07, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.07 | -0.01 | 0.11 | 55 | Commodities | GLPI vs PDBC | |
| Vanguard S&P 500 ETF | 0.03 | 0.25 | 0.40 | 66 | S&P 500 | GLPI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.03 | 0.25 | 0.40 | 66 | S&P 500 | GLPI vs SPY | |
| iShares 0-3 Month Treasury Bond ETF | 0.09 | 0.05 | 0.01 | 100 | Ultrashort Bond | GLPI vs SGOV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLPI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLPI and solid risk/return profiles. The least correlated is The Goldman Sachs Group, Inc. (GS) (Financial Services) with a 1Y correlation of -0.04, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. | -0.04 | 0.23 | 0.34 | 87 | Financial Services | |
| The AES Corporation | -0.03 | 0.23 | 0.37 | 68 | Utilities | |
| Tesla, Inc. | -0.02 | 0.13 | 0.21 | 63 | Consumer Cyclical | |
| Baker Hughes Company | -0.01 | 0.15 | 0.24 | 80 | Energy | |
| Analog Devices, Inc. | 0.00 | 0.18 | 0.29 | 88 | Technology |
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