Looking to balance out your exposure to GOGO? The ETFs below have the lowest correlation with GOGO — they tend to move on their own, which can help reduce risk when GOGO drops. The stock ideas table highlights individual companies that behave independently from GOGO.
Best Diversifiers for GOGO
1 ETFs have low correlation with GOGO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.25, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.25 | 0.26 | 0.34 | 62 | Nasdaq-100 | GOGO vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.34 | 0.40 | 66 | S&P 500 | GOGO vs SPY |
Diversification Analysis
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