Looking to balance out your exposure to GNE? The ETFs below have the lowest correlation with GNE — they tend to move on their own, which can help reduce risk when GNE drops. The stock ideas table highlights individual companies that behave independently from GNE.
Best Diversifiers for GNE
2 ETFs have low correlation with GNE (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 0.22, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.22 | 0.25 | 0.21 | 59 | S&P 500 | GNE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.25 | 0.21 | 59 | S&P 500 | GNE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GNE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GNE and solid risk/return profiles. The least correlated is Frontline Ltd. (FRO) (Energy) with a 1Y correlation of 0.00, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | 0.00 | 0.04 | 0.10 | 95 | Energy | |
| ONEOK, Inc. | 0.08 | 0.15 | 0.20 | 59 | Energy | |
| Centene Corporation | 0.11 | 0.11 | 0.12 | 52 | Healthcare | |
| Merck & Co., Inc. | 0.15 | 0.10 | 0.12 | 89 | Healthcare | |
| Copa Holdings, S.A. | 0.17 | 0.20 | 0.20 | 78 | Industrials |
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