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), 18 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.17, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.17 | -0.00 | 0.11 | 55 | Energy Equities | GOOGL vs XLE | |
| Vanguard Energy ETF | -0.16 | 0.01 | 0.12 | 56 | Energy Equities | GOOGL vs VDE | |
| Fidelity MSCI Energy Index ETF | -0.16 | 0.01 | 0.12 | 56 | Energy Equities | GOOGL vs FENY | |
| iShares Global Energy ETF | -0.15 | 0.02 | 0.13 | 62 | Energy Equities | GOOGL vs IXC | |
| United States Gasoline Fund LP | -0.15 | -0.02 | 0.05 | 84 | Oil & Gas | GOOGL vs UGA |
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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 0.04 over 5 years.
| 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 | |
| Cheniere Energy, Inc. | -0.27 | -0.03 | 0.07 | 55 | Energy | |
| Equinor ASA | -0.25 | -0.03 | 0.04 | 78 | Energy | |
| EOG Resources, Inc. | -0.24 | -0.04 | 0.07 | 65 | Energy | |
| Occidental Petroleum Corporation | -0.23 | -0.01 | 0.10 | 68 | Energy |
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