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 NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of 0.31, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.31 | 0.35 | 0.46 | 60 | Nasdaq-100 | GPN vs QQQM | |
| Invesco QQQ ETF | 0.32 | 0.35 | 0.46 | 59 | Nasdaq-100 | GPN vs QQQ | |
| iShares iBoxx $ High Yield Corporate Bond ETF | 0.41 | 0.40 | 0.47 | 52 | High Yield Bonds | GPN vs HYG | |
| JPMorgan Flexible Income ETF | 0.42 | — | — | 68 | Global Allocation | GPN vs JFLI | |
| Vanguard S&P 500 ETF | 0.43 | 0.46 | 0.56 | 60 | S&P 500 | GPN vs VOO |
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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 Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of -0.08, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | -0.08 | 0.11 | 0.24 | 99 | Technology | |
| EOG Resources, Inc. | -0.07 | 0.10 | 0.19 | 58 | Energy | |
| CF Industries Holdings, Inc. | -0.06 | 0.09 | 0.13 | 51 | Basic Materials | |
| Altria Group, Inc. | -0.06 | 0.09 | 0.17 | 74 | Consumer Defensive | |
| ConocoPhillips Company | -0.02 | 0.12 | 0.20 | 65 | Energy |
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Build a portfolio that complements GPN
Add GPN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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