Looking to balance out your exposure to GMAB? The ETFs below have the lowest correlation with GMAB — they tend to move on their own, which can help reduce risk when GMAB drops. The stock ideas table highlights individual companies that behave independently from GMAB.
Best Diversifiers for GMAB
5 ETFs have low correlation with GMAB (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.14, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.03 | -0.02 | 100 | Ultrashort Bond | GMAB vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.02 | 0.06 | 0.08 | 93 | Inflation-Protected Bonds | GMAB vs VTIP | |
| iMGP DBi Managed Futures Strategy ETF | 0.20 | 0.07 | 0.02 | 83 | Systematic Trend | GMAB vs DBMF | |
| Franklin FTSE South Korea ETF | 0.25 | 0.23 | 0.25 | 96 | Asia Pacific Equities | GMAB vs FLKR | |
| Global X MSCI Colombia ETF | 0.26 | 0.23 | 0.19 | 60 | Latin America Equities | GMAB vs COLO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GMAB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GMAB and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.08, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.08 | -0.01 | 0.03 | 83 | Energy | |
| Cisco Systems, Inc. | 0.03 | 0.13 | 0.19 | 95 | Technology | |
| Okta, Inc. | 0.08 | 0.15 | 0.25 | 53 | Technology | |
| Linde plc | 0.08 | 0.20 | 0.24 | 52 | Basic Materials | |
| Baker Hughes Company | 0.10 | 0.08 | 0.06 | 89 | Energy |
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Build a portfolio that complements GMAB
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Analyze a portfolio with GMAB