Looking to balance out your exposure to GLW? The ETFs below have the lowest correlation with GLW — they tend to move on their own, which can help reduce risk when GLW drops. The stock ideas table highlights individual companies that behave independently from GLW.
Best Diversifiers for GLW
6 ETFs have low correlation with GLW (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 1-3 Year Treasury Bond ETF (SHY) (Government Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 1-3 Year Treasury Bond ETF | 0.10 | 0.10 | 0.07 | 81 | Government Bonds, Short-Term Bond | GLW vs SHY | |
| Pacer US Cash Cows 100 ETF | 0.14 | 0.37 | 0.53 | 52 | Mid Cap Value Equities, Dividend | GLW vs COWZ | |
| Schwab U.S. Dividend Equity ETF | 0.17 | 0.35 | 0.51 | 86 | Dividend | GLW vs SCHD | |
| Pacer Global Cash Cows Dividend ETF | 0.21 | 0.29 | 0.42 | 67 | Large Cap Value Equities, Dividend | GLW vs GCOW | |
| SonicShares Global Shipping ETF | 0.24 | 0.23 | — | 79 | Transportation Equities | GLW vs BOAT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLW and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.19, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.19 | 0.01 | 0.12 | 57 | Basic Materials | |
| Verizon Communications Inc. | -0.17 | -0.03 | 0.08 | 59 | Communication Services | |
| Consolidated Edison, Inc. | -0.15 | -0.03 | 0.06 | 72 | Utilities | |
| BCE Inc. | -0.14 | 0.02 | 0.16 | 53 | Communication Services | |
| Colgate-Palmolive Company | -0.13 | -0.04 | 0.06 | 50 | Consumer Defensive |
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