Looking to balance out your exposure to GPC? The ETFs below have the lowest correlation with GPC — they tend to move on their own, which can help reduce risk when GPC drops. The stock ideas table highlights individual companies that behave independently from GPC.
Best Diversifiers for GPC
4 ETFs have low correlation with GPC (below 0.3), 0 of which are negatively correlated. The least correlated is Defiance Quantum ETF (QTUM) (Technology Equities) with a 1Y correlation of 0.21, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Quantum ETF | 0.21 | 0.28 | 0.37 | 88 | Technology Equities | GPC vs QTUM | |
| Global X Data Center & Digital Infrastructure ETF | 0.21 | 0.32 | 0.36 | 89 | REIT | GPC vs DTCR | |
| iShares U.S. Digital Infrastructure and Real Estat... | 0.22 | 0.33 | 0.42 | 83 | Technology Equities | GPC vs IDGT | |
| SPDR S&P Metals & Mining ETF | 0.27 | 0.33 | 0.38 | 54 | Materials | GPC vs XME | |
| Vanguard S&P 500 ETF | 0.30 | 0.38 | 0.49 | 59 | S&P 500 | GPC vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GPC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GPC and solid risk/return profiles. The least correlated is Diamondback Energy, Inc. (FANG) (Energy) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Diamondback Energy, Inc. | 0.01 | 0.14 | 0.23 | 76 | Energy | |
| Plains All American Pipeline, L.P. | 0.01 | 0.19 | 0.28 | 80 | Energy | |
| Broadcom Inc. | 0.03 | 0.11 | 0.24 | 72 | Technology | |
| Canadian Utilities Limited | 0.05 | 0.11 | 0.18 | 94 | Utilities | |
| Cisco Systems, Inc. | 0.05 | 0.25 | 0.33 | 93 | Technology |
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