Looking to balance out your exposure to GNE? The ETFs below have historically moved differently from GNE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GNE
2 ETFs have low correlation with GNE (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.21, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.21 | 0.24 | 0.21 | 72 | S&P 500 | GNE vs SPY | |
| Vanguard S&P 500 ETF | 0.22 | 0.24 | 0.21 | 72 | S&P 500 | GNE vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GNE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Frontline Ltd. (FRO) (Industrials) with a 1Y correlation of 0.03, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | 0.03 | 0.04 | 0.09 | 95 | Industrials | |
| ONEOK, Inc. | 0.08 | 0.13 | 0.18 | 62 | Energy | |
| Centene Corporation | 0.09 | 0.10 | 0.11 | 94 | Healthcare | |
| ATI Inc. | 0.10 | 0.20 | 0.21 | 98 | Industrials | |
| Merck & Co., Inc. | 0.19 | 0.10 | 0.12 | 94 | Healthcare |
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