Looking to balance out your exposure to GLSI? The ETFs below have historically moved differently from GLSI, 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 GLSI
2 ETFs have low correlation with GLSI (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | 0.24 | 0.28 | 0.29 | 90 | Leveraged Equities, Semiconductors | GLSI vs SOXL | |
| Invesco Semiconductors ETF | 0.26 | 0.30 | 0.31 | 90 | Semiconductors, Technology Equities | GLSI vs PSI | |
| Convergence Long/Short Equity ETF | 0.34 | 0.26 | — | 96 | Long-Short, Actively Managed | GLSI vs CLSE | |
| Defiance Quantum ETF | 0.34 | 0.34 | 0.35 | 74 | Technology Equities | GLSI vs QTUM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GLSI, 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 VeriSign, Inc. (VRSN) (Technology) with a 1Y correlation of -0.05, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| VeriSign, Inc. | -0.05 | 0.00 | 0.11 | 53 | Technology | |
| Progyny, Inc. | 0.08 | 0.14 | 0.22 | 64 | Healthcare | |
| Micron Technology, Inc. | 0.15 | 0.21 | 0.22 | 99 | Technology | |
| Globalstar, Inc. | 0.19 | 0.20 | 0.24 | 98 | Communication Services | |
| GigaCloud Technology Inc | 0.26 | 0.18 | — | 82 | Technology |
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