Looking to balance out your exposure to GOOG? The ETFs below have the lowest correlation with GOOG — they tend to move on their own, which can help reduce risk when GOOG drops. The stock ideas table highlights individual companies that behave independently from GOOG.
Best Diversifiers for GOOG
101 ETFs have low correlation with GOOG (below 0.3), 16 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.21, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.21 | -0.02 | 0.04 | 66 | Oil & Gas | GOOG vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.18 | -0.00 | 0.06 | 54 | Leveraged Commodities | GOOG vs UCO | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -0.15 | — | — | 64 | Commodities | GOOG vs USOI | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.02 | 0.01 | 100 | Ultrashort Bond | GOOG vs SGOV | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.13 | 0.03 | 0.09 | 71 | Commodities | GOOG vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOOG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOOG and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.21, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.21 | -0.01 | 0.05 | 82 | Energy | |
| Altria Group, Inc. | -0.20 | -0.10 | -0.00 | 69 | Consumer Defensive | |
| EOG Resources, Inc. | -0.19 | -0.01 | 0.09 | 69 | Energy | |
| Chevron Corporation | -0.17 | -0.03 | 0.10 | 83 | Energy | |
| Duke Energy Corporation | -0.17 | -0.11 | 0.01 | 53 | Utilities |
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