Looking to balance out your exposure to GLUE? The ETFs below have the lowest correlation with GLUE — they tend to move on their own, which can help reduce risk when GLUE drops. The stock ideas table highlights individual companies that behave independently from GLUE.
Best Diversifiers for GLUE
0 ETFs have low correlation with GLUE (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.30, roughly unchanged from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.29 | — | 70 | S&P 500 | GLUE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLUE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLUE and solid risk/return profiles. The least correlated is AxoGen, Inc. (AXGN) (Healthcare) with a 1Y correlation of 0.12, down from 0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AxoGen, Inc. | 0.12 | 0.23 | — | 98 | Healthcare | |
| TMC the metals company Inc. | 0.12 | 0.17 | — | 57 | Basic Materials | |
| Globalstar, Inc. | 0.13 | 0.24 | — | 97 | Communication Services | |
| AngloGold Ashanti Limited | 0.13 | 0.14 | 0.12 | 81 | Basic Materials | |
| Micron Technology, Inc. | 0.14 | 0.20 | — | 99 | Technology |
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