Looking to balance out your exposure to GOOGL? The ETFs below have historically moved differently from GOOGL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GOOGL
105 ETFs have low correlation with GOOGL (below 0.3), 21 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.21, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.21 | -0.02 | 0.09 | 61 | Energy Equities | GOOGL vs XLE | |
| ProShares Ultra Energy | -0.20 | -0.01 | 0.10 | 56 | Leveraged Equities | GOOGL vs DIG | |
| Global X MLP & Energy Infrastructure ETF | -0.19 | 0.03 | 0.17 | 57 | Infrastructure Equities, MLPs | GOOGL vs MLPX | |
| iShares Global Energy ETF | -0.19 | 0.00 | 0.11 | 66 | Energy Equities | GOOGL vs IXC | |
| Fidelity MSCI Energy Index ETF | -0.19 | -0.00 | 0.11 | 62 | Energy Equities | GOOGL vs FENY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GOOGL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.28, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.28 | -0.04 | 0.04 | 64 | Basic Materials | |
| Equinor ASA | -0.27 | -0.03 | 0.02 | 82 | Energy | |
| EOG Resources, Inc. | -0.26 | -0.05 | 0.06 | 61 | Energy | |
| Occidental Petroleum Corporation | -0.25 | -0.03 | 0.09 | 65 | Energy | |
| Chevron Corporation | -0.25 | -0.06 | 0.06 | 72 | Energy |
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