Looking to balance out your exposure to GOFPY? The ETFs below have historically moved differently from GOFPY, 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 GOFPY
1 ETFs have low correlation with GOFPY (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Copper Miners ETF (COPX) (Copper) with a 1Y correlation of 0.11, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Copper Miners ETF | 0.11 | 0.11 | 0.12 | 76 | Copper | GOFPY vs COPX |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GOFPY, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.04, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.04 | 0.06 | 0.07 | 56 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.09 | 0.10 | 0.08 | 87 | Technology | |
| Apple Inc | 0.14 | 0.08 | 0.09 | 89 | Technology | |
| Alphabet Inc. Class A | 0.20 | 0.11 | 0.09 | 95 | Communication Services |
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