Looking to balance out your exposure to GO? The ETFs below have the lowest correlation with GO — they tend to move on their own, which can help reduce risk when GO drops. The stock ideas table highlights individual companies that behave independently from GO.
Best Diversifiers for GO
2 ETFs have low correlation with GO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.04, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.04 | 0.03 | 0.13 | 73 | Nasdaq-100 | GO vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.12 | 0.11 | 0.19 | 70 | S&P 500 | GO vs SPY |
Diversification Analysis
Build a portfolio that complements GO
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