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 iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) (Technology Equities) with a 1Y correlation of 0.15, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Digital Infrastructure and Real Estat... | 0.15 | 0.30 | 0.41 | 65 | Technology Equities | GPC vs IDGT | |
| Defiance Quantum ETF | 0.15 | 0.26 | 0.36 | 70 | Technology Equities | GPC vs QTUM | |
| Global X Data Center & Digital Infrastructure ETF | 0.15 | 0.29 | 0.35 | 70 | REIT | GPC vs DTCR | |
| Vanguard S&P 500 ETF | 0.25 | 0.36 | 0.48 | 66 | S&P 500 | GPC vs VOO | |
| First Trust Rising Dividend Achievers ETF | 0.41 | 0.52 | 0.57 | 81 | Dividend, Large Cap Blend Equities | GPC vs RDVY |
To view more results, upgrade your current subscription plan.
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 -0.06, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Diamondback Energy, Inc. | -0.06 | 0.11 | 0.22 | 80 | Energy | |
| Plains All American Pipeline, L.P. | 0.02 | 0.18 | 0.28 | 87 | Energy | |
| Broadcom Inc. | 0.02 | 0.10 | 0.23 | 67 | Technology | |
| Canadian Utilities Limited | 0.03 | 0.11 | 0.18 | 96 | Utilities | |
| Chevron Corporation | 0.03 | 0.21 | 0.28 | 74 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GPC
Add GPC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GPC