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
80 ETFs have low correlation with GOOG (below 0.3), 7 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.11, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.03 | 0.02 | 100 | Ultrashort Bond | GOOG vs SGOV | |
| Global X MLP & Energy Infrastructure ETF | -0.11 | 0.07 | 0.19 | 55 | MLPs | GOOG vs MLPX | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.07 | -0.05 | 0.00 | 100 | Government Bonds, Ultrashort Bond | GOOG vs BIL | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.04 | 0.06 | 0.23 | 69 | Large Cap Value Equities, Dividend | GOOG vs FDL | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.02 | — | — | 53 | Commodities | GOOG vs CERY |
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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 -0.26, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.26 | -0.03 | 0.04 | 66 | Energy | |
| EOG Resources, Inc. | -0.24 | -0.02 | 0.08 | 57 | Energy | |
| Consolidated Edison, Inc. | -0.20 | -0.14 | -0.03 | 61 | Utilities | |
| Chevron Corporation | -0.20 | -0.04 | 0.09 | 70 | Energy | |
| Exxon Mobil Corporation | -0.18 | -0.06 | 0.05 | 72 | Energy |
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Build a portfolio that complements GOOG
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