Looking to balance out your exposure to GSIT? The ETFs below have the lowest correlation with GSIT — they tend to move on their own, which can help reduce risk when GSIT drops. The stock ideas table highlights individual companies that behave independently from GSIT.
Best Diversifiers for GSIT
0 ETFs have low correlation with GSIT (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Small-Cap Value ETF (VBR) (Small Cap Value Equities) with a 1Y correlation of 0.33, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Small-Cap Value ETF | 0.33 | 0.34 | 0.29 | 52 | Small Cap Value Equities | GSIT vs VBR | |
| State Street SPDR S&P 500 ETF | 0.44 | 0.39 | 0.33 | 70 | S&P 500 | GSIT vs SPY | |
| Vanguard S&P 500 ETF | 0.44 | 0.39 | 0.33 | 70 | S&P 500 | GSIT vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GSIT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSIT and solid risk/return profiles. The least correlated is Applied Materials, Inc. (AMAT) (Technology) with a 1Y correlation of 0.42, up from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Materials, Inc. | 0.42 | 0.35 | 0.31 | 96 | Technology |
Build a portfolio that complements GSIT
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