Looking to balance out your exposure to GLRE? The ETFs below have the lowest correlation with GLRE — they tend to move on their own, which can help reduce risk when GLRE drops. The stock ideas table highlights individual companies that behave independently from GLRE.
Best Diversifiers for GLRE
3 ETFs have low correlation with GLRE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.10, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.10 | 0.19 | 0.21 | 74 | Nasdaq-100 | GLRE vs QQQ | |
| Vanguard S&P 500 ETF | 0.20 | 0.30 | 0.32 | 74 | S&P 500 | GLRE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.30 | 0.32 | 74 | S&P 500 | GLRE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLRE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLRE and solid risk/return profiles. The least correlated is RenaissanceRe Holdings Ltd. (RNR) (Financial Services) with a 1Y correlation of 0.42, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RenaissanceRe Holdings Ltd. | 0.42 | 0.37 | 0.37 | 60 | Financial Services |
Build a portfolio that complements GLRE
Add GLRE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GLRE