Looking to balance out your exposure to GLSI? The ETFs below have the lowest correlation with GLSI — they tend to move on their own, which can help reduce risk when GLSI drops. The stock ideas table highlights individual companies that behave independently from GLSI.
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 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | 0.24 | 0.29 | 0.30 | 97 | Leveraged Equities, Semiconductors | GLSI vs SOXL | |
| Invesco Semiconductors ETF | 0.25 | 0.30 | 0.32 | 96 | Semiconductors, Technology Equities | GLSI vs PSI | |
| Convergence Long/Short Equity ETF | 0.31 | 0.26 | — | 95 | Long-Short | GLSI vs CLSE | |
| Defiance Quantum ETF | 0.36 | 0.35 | 0.36 | 91 | Technology Equities | GLSI vs QTUM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLSI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLSI and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 0.12, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 0.12 | 0.21 | 0.22 | 99 | Technology | |
| ASA Gold and Precious Metals Limited | 0.14 | 0.14 | 0.13 | 79 | Financial Services | |
| Tesla, Inc. | 0.18 | 0.20 | 0.24 | 55 | Consumer Cyclical | |
| Globalstar, Inc. | 0.20 | 0.22 | 0.24 | 97 | Communication Services | |
| SoFi Technologies, Inc. | 0.24 | 0.26 | 0.28 | 51 | Financial Services |
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