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
84 ETFs have low correlation with GOOGL (below 0.3), 9 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) 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 | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.21 | -0.03 | 0.05 | 55 | Oil & Gas | GOOGL vs UGA | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.02 | 0.02 | 100 | Ultrashort Bond | GOOGL vs SGOV | |
| First Trust Alternative Absolute Return Strategy E... | -0.07 | 0.01 | 0.00 | 75 | Commodities | GOOGL vs FAAR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.05 | -0.00 | 100 | Government Bonds, Ultrashort Bond | GOOGL vs BIL | |
| Global X MLP & Energy Infrastructure ETF | -0.05 | 0.08 | 0.18 | 55 | MLPs | GOOGL vs MLPX |
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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 Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.25, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.25 | -0.03 | 0.04 | 66 | Energy | |
| EOG Resources, Inc. | -0.21 | -0.02 | 0.08 | 57 | Energy | |
| Chevron Corporation | -0.20 | -0.04 | 0.08 | 70 | Energy | |
| ConocoPhillips Company | -0.18 | -0.02 | 0.08 | 65 | Energy | |
| Altria Group, Inc. | -0.17 | -0.10 | -0.01 | 72 | Consumer Defensive |
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