Looking to balance out your exposure to GOOS? The ETFs below have the lowest correlation with GOOS — they tend to move on their own, which can help reduce risk when GOOS drops. The stock ideas table highlights individual companies that behave independently from GOOS.
Best Diversifiers for GOOS
0 ETFs have low correlation with GOOS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.40, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.40 | 0.38 | 0.50 | 66 | S&P 500 | GOOS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOOS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOOS and solid risk/return profiles. The least correlated is JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.25, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | 0.25 | 0.26 | 0.36 | 67 | Financial Services | |
| Amazon.com, Inc | 0.29 | 0.22 | 0.38 | 58 | Consumer Cyclical |
Build a portfolio that complements GOOS
Add GOOS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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