Looking to balance out your exposure to GPOR? The ETFs below have the lowest correlation with GPOR — they tend to move on their own, which can help reduce risk when GPOR drops. The stock ideas table highlights individual companies that behave independently from GPOR.
Best Diversifiers for GPOR
3 ETFs have low correlation with GPOR (below 0.3), 3 of which are negatively correlated. The least correlated is ProShares Ultra S&P500 (SSO) (Leveraged Equities) with a 1Y correlation of -0.02, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra S&P500 | -0.02 | 0.21 | 0.27 | 62 | Leveraged Equities, S&P 500 | GPOR vs SSO | |
| State Street SPDR S&P 500 ETF | -0.01 | 0.21 | 0.27 | 70 | S&P 500 | GPOR vs SPY | |
| Vanguard S&P 500 ETF | -0.01 | 0.20 | 0.27 | 70 | S&P 500 | GPOR vs VOO | |
| State Street Energy Select Sector SPDR ETF | 0.41 | 0.49 | 0.55 | 63 | Energy Equities | GPOR vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GPOR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GPOR and solid risk/return profiles. The least correlated is Entergy Corporation (ETR) (Utilities) with a 1Y correlation of 0.19, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Entergy Corporation | 0.19 | 0.18 | 0.15 | 83 | Utilities |
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