Looking to balance out your exposure to GPN? The ETFs below have the lowest correlation with GPN — they tend to move on their own, which can help reduce risk when GPN drops. The stock ideas table highlights individual companies that behave independently from GPN.
Best Diversifiers for GPN
0 ETFs have low correlation with GPN (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.32, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.32 | 0.35 | 0.46 | 73 | Nasdaq-100 | GPN vs QQQ | |
| Invesco NASDAQ 100 ETF | 0.32 | 0.35 | 0.46 | 74 | Nasdaq-100 | GPN vs QQQM | |
| iShares iBoxx $ High Yield Corporate Bond ETF | 0.42 | 0.39 | 0.47 | 55 | High Yield Bonds | GPN vs HYG | |
| Vanguard S&P 500 ETF | 0.42 | 0.45 | 0.55 | 70 | S&P 500 | GPN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.43 | 0.45 | 0.55 | 70 | S&P 500 | GPN vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GPN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GPN and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.06 | 0.12 | 0.20 | 69 | Energy | |
| Altria Group, Inc. | -0.06 | 0.10 | 0.18 | 69 | Consumer Defensive | |
| nVent Electric plc | -0.01 | 0.23 | 0.36 | 97 | Industrials | |
| NVIDIA Corporation | 0.02 | 0.10 | 0.26 | 78 | Technology | |
| Permian Resources Corporation | 0.02 | 0.17 | — | 81 | Energy |
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Build a portfolio that complements GPN
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