Looking to balance out your exposure to GOOD? The ETFs below have the lowest correlation with GOOD — they tend to move on their own, which can help reduce risk when GOOD drops. The stock ideas table highlights individual companies that behave independently from GOOD.
Best Diversifiers for GOOD
5 ETFs have low correlation with GOOD (below 0.3), 0 of which are negatively correlated. The least correlated is REX FANG & Innovation Equity Premium Income ETF (FEPI) (Technology Equities) with a 1Y correlation of 0.11, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| REX FANG & Innovation Equity Premium Income ETF | 0.11 | 0.14 | 0.14 | 54 | Technology Equities | GOOD vs FEPI | |
| Vanguard Information Technology ETF | 0.12 | 0.18 | 0.30 | 76 | Technology Equities | GOOD vs VGT | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.16 | 0.20 | 0.32 | 74 | Nasdaq-100, Derivative Income | GOOD vs JEPQ | |
| Vanguard S&P 500 Growth ETF | 0.18 | 0.22 | 0.33 | 58 | S&P 500, Large Cap Growth Equities | GOOD vs VOOG | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.35 | 0.44 | 70 | S&P 500 | GOOD vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOOD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOOD and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.01, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.01 | 0.17 | 0.25 | 69 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.02 | 0.16 | 0.16 | 86 | Energy | |
| Rio Tinto Group | 0.21 | 0.29 | 0.28 | 94 | Basic Materials | |
| Verizon Communications Inc. | 0.27 | 0.26 | 0.32 | 59 | Communication Services | |
| Gerdau S.A. | 0.31 | 0.28 | 0.28 | 84 | Basic Materials |
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Build a portfolio that complements GOOD
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