Looking to balance out your exposure to GNW? The ETFs below have the lowest correlation with GNW — they tend to move on their own, which can help reduce risk when GNW drops. The stock ideas table highlights individual companies that behave independently from GNW.
Best Diversifiers for GNW
0 ETFs have low correlation with GNW (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 0.32, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.32 | 0.36 | 0.44 | 70 | S&P 500 | GNW vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.32 | 0.45 | 0.53 | 80 | Dividend | GNW vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GNW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GNW and solid risk/return profiles. The least correlated is General Electric Company (GE) (Industrials) with a 1Y correlation of 0.12, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Electric Company | 0.12 | 0.26 | 0.37 | 65 | Industrials | |
| ON Semiconductor Corporation | 0.18 | 0.20 | 0.28 | 93 | Technology | |
| XPO Logistics, Inc. | 0.30 | 0.32 | 0.38 | 88 | Industrials | |
| M/I Homes, Inc. | 0.34 | 0.36 | 0.39 | 62 | Consumer Cyclical | |
| Flagstar Financial, Inc. | 0.43 | 0.36 | 0.42 | 61 | Financial Services |
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