Looking to balance out your exposure to GMS? The ETFs below have the lowest correlation with GMS — they tend to move on their own, which can help reduce risk when GMS drops. The stock ideas table highlights individual companies that behave independently from GMS.
Best Diversifiers for GMS
2 ETFs have low correlation with GMS (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.07, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.07 | 0.46 | 0.57 | 74 | S&P 500 | GMS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.07 | 0.46 | 0.56 | 74 | S&P 500 | GMS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GMS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GMS and solid risk/return profiles. The least correlated is Banco Bradesco S.A. (BBDO) (Financial Services) with a 1Y correlation of 0.01, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Banco Bradesco S.A. | 0.01 | 0.16 | 0.18 | 64 | Financial Services | |
| Welltower Inc. | 0.03 | 0.18 | 0.26 | 80 | Real Estate | |
| Altria Group, Inc. | 0.04 | 0.08 | 0.16 | 73 | Consumer Defensive | |
| Gilead Sciences, Inc. | 0.09 | 0.11 | 0.16 | 65 | Healthcare |
Build a portfolio that complements GMS
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