Looking to balance out your exposure to GM? The ETFs below have the lowest correlation with GM — they tend to move on their own, which can help reduce risk when GM drops. The stock ideas table highlights individual companies that behave independently from GM.
Best Diversifiers for GM
78 ETFs have low correlation with GM (below 0.3), 16 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.23, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.24 | -0.21 | -0.23 | 51 | Currency | GM vs UUP | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | 0.03 | 0.13 | 55 | Commodities | GM vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.15 | 0.04 | 0.13 | 54 | Commodities | GM vs DBC | |
| Alpha Architect 1-3 Month Box ETF | -0.12 | -0.04 | — | 100 | Ultrashort Bond | GM vs BOXX | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.02 | -0.03 | 100 | Government Bonds, Ultrashort Bond | GM vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GM and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.13, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.13 | 0.06 | 0.15 | 53 | Industrials | |
| SM Energy Company | -0.13 | 0.16 | 0.27 | 51 | Energy | |
| Chord Energy Corp | -0.12 | 0.17 | 0.26 | 59 | Energy | |
| EOG Resources, Inc. | -0.11 | 0.14 | 0.23 | 63 | Energy | |
| Exxon Mobil Corporation | -0.11 | 0.16 | 0.25 | 75 | Energy |
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Build a portfolio that complements GM
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