Looking to balance out your exposure to GSAT? The ETFs below have historically moved differently from GSAT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GSAT
4 ETFs have low correlation with GSAT (below 0.3), 0 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 0.03 over 5 years.
How candidates are selected| 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 | 0.03 | 100 | Government Bonds, Ultrashort Bond | GSAT vs BIL | |
| Direxion Daily GOOGL Bull 2X Shares | 0.27 | 0.23 | — | 89 | Leveraged Equities | GSAT vs GGLL | |
| Direxion Daily MU Bull 2X Shares | 0.28 | — | — | 98 | Leveraged Equities, Semiconductors | GSAT vs MUU | |
| WisdomTree Japan Hedged Equity Fund | 0.30 | 0.24 | 0.26 | 92 | Japan Equities, Asia Pacific Equities | GSAT vs DXJ | |
| Convergence Long/Short Equity ETF | 0.30 | 0.23 | — | 96 | Long-Short, Actively Managed | GSAT vs CLSE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GSAT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Omnicom Group Inc. (OMC) (Communication Services) with a 1Y correlation of -0.01, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Omnicom Group Inc. | -0.01 | 0.17 | 0.21 | 60 | Communication Services | |
| Monster Beverage Corporation | 0.01 | 0.03 | 0.14 | 92 | Consumer Defensive | |
| AxoGen, Inc. | 0.01 | 0.13 | 0.21 | 98 | Healthcare | |
| VeriSign, Inc. | 0.02 | 0.08 | 0.20 | 53 | Technology | |
| Johnson & Johnson | 0.06 | 0.03 | 0.05 | 96 | Healthcare |
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