Looking to balance out your exposure to GPGI? The ETFs below have the lowest correlation with GPGI — they tend to move on their own, which can help reduce risk when GPGI drops. The stock ideas table highlights individual companies that behave independently from GPGI.
Best Diversifiers for GPGI
1 ETFs have low correlation with GPGI (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of 0.24, roughly unchanged from 0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | 0.24 | 0.23 | — | 52 | Derivative Income, Options Trading | GPGI vs NVDY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GPGI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GPGI and solid risk/return profiles. The least correlated is Elbit Systems Ltd (ESLT) (Industrials) with a 1Y correlation of 0.05, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Elbit Systems Ltd | 0.05 | 0.11 | 0.11 | 88 | Industrials | |
| UnitedHealth Group Incorporated | 0.10 | 0.03 | 0.04 | 61 | Healthcare | |
| Welltower Inc. | 0.12 | 0.16 | 0.12 | 79 | Real Estate | |
| Raytheon Technologies Corporation | 0.17 | 0.14 | 0.12 | 70 | Industrials | |
| American Healthcare REIT, Inc. | 0.17 | — | — | 81 | Real Estate |
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