Looking to balance out your exposure to GSIT? The ETFs below have historically moved differently from GSIT, 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 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 0.31, roughly unchanged from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Small-Cap Value ETF | 0.31 | 0.34 | 0.29 | 84 | Small Cap Value Equities | GSIT vs VBR | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.41 | 0.35 | 78 | S&P 500 | GSIT vs SPY | |
| Vanguard S&P 500 ETF | 0.51 | 0.41 | 0.35 | 78 | S&P 500 | GSIT vs VOO | |
| Invesco QQQ ETF | 0.55 | 0.42 | 0.36 | 58 | Nasdaq-100 | GSIT vs QQQ |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GSIT, 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 Penguin Solutions, Inc (PENG) (Technology) with a 1Y correlation of 0.44, up from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Penguin Solutions, Inc | 0.44 | 0.34 | 0.29 | 84 | Technology | |
| Applied Materials, Inc. | 0.48 | 0.38 | 0.32 | 95 | Technology |
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