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
95 ETFs have low correlation with GM (below 0.3), 10 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.20, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.20 | 0.03 | 0.09 | 66 | Oil & Gas | GM vs USO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.17 | 0.04 | 0.14 | 74 | Commodities | GM vs PDBC | |
| ProShares Ultra Bloomberg Crude Oil | -0.17 | 0.04 | 0.10 | 54 | Leveraged Commodities | GM vs UCO | |
| Invesco DB Commodity Index Tracking Fund | -0.15 | 0.06 | 0.13 | 75 | Commodities | GM vs DBC | |
| Alpha Architect 1-3 Month Box ETF | -0.11 | -0.00 | -0.01 | 100 | Ultrashort Bond | GM vs BOXX |
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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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.12, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.12 | 0.07 | 0.13 | 86 | Energy | |
| Cboe Global Markets, Inc. | -0.08 | -0.10 | 0.04 | 68 | Financial Services | |
| BP p.l.c. | -0.06 | 0.16 | 0.27 | 87 | Energy | |
| Duke Energy Corporation | -0.05 | 0.07 | 0.09 | 53 | Utilities | |
| Chevron Corporation | -0.05 | 0.19 | 0.27 | 83 | Energy |
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Build a portfolio that complements GM
Add GM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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