Looking to balance out your exposure to GM? The ETFs below have historically moved differently from GM, 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 GM
88 ETFs have low correlation with GM (below 0.3), 18 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.18, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.18 | 0.02 | 0.11 | 70 | Commodities | GM vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.17 | 0.02 | 0.12 | 68 | Commodities | GM vs DBC | |
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.02 | -0.03 | 100 | Government Bonds, Ultrashort Bond | GM vs USFR | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.12 | 0.20 | 0.30 | 60 | Energy Equities | GM vs XOP | |
| Alpha Architect 1-3 Month Box ETF | -0.12 | -0.03 | — | 100 | Ultrashort Bond | GM vs BOXX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GM, 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 EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.15, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.15 | 0.13 | 0.21 | 73 | Energy | |
| Chevron Corporation | -0.14 | 0.15 | 0.24 | 79 | Energy | |
| SM Energy Company | -0.13 | 0.16 | 0.26 | 59 | Energy | |
| Chord Energy Corp | -0.13 | 0.16 | 0.25 | 71 | Energy | |
| Devon Energy Corporation | -0.13 | 0.19 | 0.28 | 78 | Energy |
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