Looking to balance out your exposure to GOOGL? The ETFs below have the lowest correlation with GOOGL — they tend to move on their own, which can help reduce risk when GOOGL drops. The stock ideas table highlights individual companies that behave independently from GOOGL.
Best Diversifiers for GOOGL
95 ETFs have low correlation with GOOGL (below 0.3), 19 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 | -0.03 | 0.04 | 66 | Oil & Gas | GOOGL vs USO | |
| United States Gasoline Fund LP | -0.20 | -0.03 | 0.05 | 69 | Oil & Gas | GOOGL vs UGA | |
| ProShares Ultra Bloomberg Crude Oil | -0.18 | -0.00 | 0.05 | 54 | Leveraged Commodities | GOOGL vs UCO | |
| State Street Energy Select Sector SPDR ETF | -0.13 | 0.01 | 0.12 | 63 | Energy Equities | GOOGL vs XLE | |
| ProShares Ultra Oil & Gas | -0.13 | 0.01 | 0.12 | 61 | Leveraged Equities | GOOGL vs DIG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOOGL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOOGL and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.28, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.28 | -0.03 | 0.05 | 60 | Basic Materials | |
| Equinor ASA | -0.22 | -0.02 | 0.05 | 82 | Energy | |
| Altria Group, Inc. | -0.19 | -0.10 | -0.00 | 69 | Consumer Defensive | |
| EOG Resources, Inc. | -0.18 | -0.01 | 0.09 | 69 | Energy | |
| Duke Energy Corporation | -0.18 | -0.12 | 0.01 | 53 | Utilities |
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