Looking to balance out your exposure to GLPI? The ETFs below have historically moved differently from GLPI, 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 GLPI
6 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 -0.09, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.09 | -0.01 | 0.11 | 72 | Commodities | GLPI vs PDBC | |
| Vanguard S&P 500 ETF | 0.00 | 0.24 | 0.39 | 68 | S&P 500 | GLPI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.00 | 0.24 | 0.39 | 67 | S&P 500 | GLPI vs SPY | |
| iShares 0-3 Month Treasury Bond ETF | 0.11 | 0.06 | 0.01 | 100 | Ultrashort Bond | GLPI vs SGOV | |
| Fidelity Sustainable High Yield ETF | 0.12 | 0.35 | — | 83 | High Yield Bonds | GLPI vs FSYD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GLPI, 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 The Goldman Sachs Group, Inc. (GS) (Financial Services) with a 1Y correlation of -0.06, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. | -0.06 | 0.22 | 0.32 | 81 | Financial Services | |
| Microchip Technology Incorporated | -0.04 | 0.17 | 0.24 | 54 | Technology | |
| F5 Networks, Inc. | -0.03 | 0.16 | 0.28 | 66 | Technology | |
| Analog Devices, Inc. | -0.03 | 0.18 | 0.28 | 88 | Technology | |
| Core Natural Resources, Inc | -0.03 | 0.14 | 0.18 | 50 | Energy |
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