Looking to balance out your exposure to GS? The ETFs below have the lowest correlation with GS — they tend to move on their own, which can help reduce risk when GS drops. The stock ideas table highlights individual companies that behave independently from GS.
Best Diversifiers for GS
44 ETFs have low correlation with GS (below 0.3), 6 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.16, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.05 | -0.03 | 100 | Ultrashort Bond | GS vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.02 | -0.01 | 100 | Government Bonds, Ultrashort Bond | GS vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.09 | -0.03 | 100 | Government Bonds, Ultrashort Bond | GS vs BIL | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.04 | 0.07 | 0.09 | 83 | Inflation-Protected Bonds | GS vs VTIP | |
| iShares 0-5 Year TIPS Bond ETF | -0.03 | 0.08 | 0.09 | 85 | Inflation-Protected Bonds | GS vs STIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GS and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | 0.05 | 0.16 | 72 | Consumer Defensive | |
| The Coca-Cola Company | -0.18 | 0.01 | 0.13 | 74 | Consumer Defensive | |
| Cboe Global Markets, Inc. | -0.17 | -0.10 | 0.08 | 55 | Financial Services | |
| Chevron Corporation | -0.16 | 0.14 | 0.27 | 70 | Energy | |
| Duke Energy Corporation | -0.16 | 0.04 | 0.11 | 62 | Utilities |
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Build a portfolio that complements GS
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