Looking to balance out your exposure to GSAT? The ETFs below have the lowest correlation with GSAT — they tend to move on their own, which can help reduce risk when GSAT drops. The stock ideas table highlights individual companies that behave independently from GSAT.
Best Diversifiers for GSAT
4 ETFs have low correlation with GSAT (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01 | 0.02 | 0.02 | 100 | Government Bonds, Ultrashort Bond | GSAT vs BIL | |
| Direxion Daily GOOGL Bull 2X Shares | 0.24 | 0.22 | — | 93 | Leveraged Equities | GSAT vs GGLL | |
| Convergence Long/Short Equity ETF | 0.29 | 0.22 | — | 96 | Long-Short, Actively Managed | GSAT vs CLSE | |
| Direxion Daily MU Bull 2X Shares | 0.29 | — | — | 98 | Leveraged Equities, Semiconductors | GSAT vs MUU | |
| WisdomTree Japan Opportunities ETF | 0.30 | 0.18 | 0.20 | 94 | Japan Equities, Asia Pacific Equities | GSAT vs OPPJ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GSAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSAT and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of 0.00, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | 0.00 | 0.04 | 0.14 | 94 | Consumer Defensive | |
| AxoGen, Inc. | 0.00 | 0.13 | 0.21 | 98 | Healthcare | |
| Johnson & Johnson | 0.06 | 0.03 | 0.05 | 96 | Healthcare | |
| Indivior PLC Ordinary Shares | 0.10 | 0.15 | 0.11 | 98 | Healthcare | |
| Dillard's, Inc. | 0.10 | 0.20 | 0.25 | 66 | Consumer Cyclical |
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Build a portfolio that complements GSAT
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