Looking to balance out your exposure to GNL? The ETFs below have the lowest correlation with GNL — they tend to move on their own, which can help reduce risk when GNL drops. The stock ideas table highlights individual companies that behave independently from GNL.
Best Diversifiers for GNL
11 ETFs have low correlation with GNL (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.00, roughly unchanged 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 | -0.00 | 0.05 | 0.02 | 100 | Ultrashort Bond | GNL vs SGOV | |
| Vanguard Information Technology ETF | 0.07 | 0.16 | 0.28 | 76 | Technology Equities | GNL vs VGT | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.11 | 0.17 | — | 76 | Nasdaq-100, Derivative Income | GNL vs JEPQ | |
| Invesco QQQ ETF | 0.11 | 0.18 | 0.29 | 74 | Nasdaq-100 | GNL vs QQQ | |
| NEOS Nasdaq-100 High Income ETF | 0.11 | — | — | 70 | Nasdaq-100, Derivative Income | GNL vs QQQI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GNL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GNL and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.03, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.03 | -0.01 | 0.13 | 80 | Technology | |
| Advanced Micro Devices, Inc. | 0.03 | 0.10 | 0.17 | 97 | Technology | |
| SoFi Technologies, Inc. | 0.03 | 0.26 | 0.29 | 55 | Financial Services | |
| Tesla, Inc. | 0.07 | 0.18 | 0.22 | 58 | Consumer Cyclical | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.08 | 0.13 | 0.20 | 95 | Technology |
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Build a portfolio that complements GNL
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