Looking to balance out your exposure to GOODN? The ETFs below have the lowest correlation with GOODN — they tend to move on their own, which can help reduce risk when GOODN drops. The stock ideas table highlights individual companies that behave independently from GOODN.
Best Diversifiers for GOODN
1 ETFs have low correlation with GOODN (below 0.3), 1 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.06, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.06 | 0.05 | 0.11 | 70 | S&P 500 | GOODN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOODN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOODN and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.12, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.12 | 0.07 | 0.09 | 78 | Technology | |
| Johnson & Johnson | -0.06 | -0.01 | 0.02 | 92 | Healthcare | |
| Apple Inc | -0.05 | 0.04 | 0.09 | 89 | Technology | |
| Crocs, Inc. | 0.06 | 0.06 | 0.10 | 50 | Consumer Cyclical |
Build a portfolio that complements GOODN
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