Looking to balance out your exposure to GOVX? The ETFs below have the lowest correlation with GOVX — they tend to move on their own, which can help reduce risk when GOVX drops. The stock ideas table highlights individual companies that behave independently from GOVX.
Best Diversifiers for GOVX
2 ETFs have low correlation with GOVX (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.10, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.10 | 0.16 | 0.19 | 85 | Dividend | GOVX vs SCHD | |
| Vanguard Total World Stock ETF | 0.28 | 0.25 | 0.28 | 70 | Global Equities | GOVX vs VT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOVX and solid risk/return profiles. The least correlated is National Retail Properties, Inc. (NNN) (Real Estate) with a 1Y correlation of 0.04, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Retail Properties, Inc. | 0.04 | 0.09 | 0.12 | 64 | Real Estate | |
| Linde plc | 0.05 | 0.06 | 0.13 | 53 | Basic Materials |
Build a portfolio that complements GOVX
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