Looking to balance out your exposure to GNL? The ETFs below have historically moved differently from GNL, 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 GNL
9 ETFs have low correlation with GNL (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.04, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.04 | 0.06 | 0.03 | 100 | Ultrashort Bond | GNL vs SGOV | |
| Vanguard Information Technology ETF | 0.05 | 0.15 | 0.27 | 52 | Technology Equities | GNL vs VGT | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.07 | 0.17 | — | 55 | Nasdaq-100, Derivative Income | GNL vs JEPQ | |
| State Street Blackstone Senior Loan ETF | 0.15 | 0.28 | 0.34 | 59 | Bank Loan, High Yield Bonds | GNL vs SRLN | |
| NEOS S&P 500 High Income ETF | 0.16 | 0.28 | — | 72 | Derivative Income, S&P 500 | GNL vs SPYI |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GNL, 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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.04, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.04 | 0.13 | 0.18 | 57 | Energy | |
| NVIDIA Corporation | 0.00 | 0.00 | 0.14 | 56 | Technology | |
| Advanced Micro Devices, Inc. | 0.00 | 0.09 | 0.16 | 94 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.06 | 0.11 | 0.19 | 87 | Technology | |
| Pembina Pipeline Corporation | 0.13 | 0.28 | 0.34 | 88 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GNL
Add GNL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GNL