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
5 ETFs have low correlation with GPC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Top 50 ETF (XLG) (S&P 500) with a 1Y correlation of 0.15, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Top 50 ETF | 0.15 | 0.23 | 0.37 | 56 | S&P 500 | GPC vs XLG | |
| Defiance Quantum ETF | 0.23 | 0.29 | 0.38 | 91 | Technology Equities | GPC vs QTUM | |
| Global X Data Center & Digital Infrastructure ETF | 0.23 | 0.33 | 0.36 | 92 | REIT | GPC vs DTCR | |
| SPDR S&P Metals & Mining ETF | 0.25 | 0.33 | 0.39 | 77 | Materials | GPC vs XME | |
| iShares U.S. Digital Infrastructure and Real Estat... | 0.25 | 0.35 | 0.43 | 89 | Technology Equities | GPC vs IDGT |
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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 LTC Properties, Inc. (LTC) (Real Estate) with a 1Y correlation of 0.05, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| LTC Properties, Inc. | 0.05 | 0.22 | 0.27 | 50 | Real Estate | |
| Diamondback Energy, Inc. | 0.05 | 0.17 | 0.25 | 82 | Energy | |
| Plains All American Pipeline, L.P. | 0.06 | 0.21 | 0.29 | 87 | Energy | |
| Canadian Utilities Limited | 0.07 | 0.11 | 0.18 | 90 | Utilities | |
| Altria Group, Inc. | 0.07 | 0.20 | 0.28 | 69 | Consumer Defensive |
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