Looking to balance out your exposure to GSL? The ETFs below have the lowest correlation with GSL — they tend to move on their own, which can help reduce risk when GSL drops. The stock ideas table highlights individual companies that behave independently from GSL.
Best Diversifiers for GSL
5 ETFs have low correlation with GSL (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 1-3 Year Treasury Bond ETF (SHY) (Government Bonds) with a 1Y correlation of 0.04, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 1-3 Year Treasury Bond ETF | 0.04 | -0.03 | -0.05 | 79 | Government Bonds, Short-Term Bond | GSL vs SHY | |
| First Trust Global Tactical Commodity Strategy Fun... | 0.08 | 0.20 | 0.26 | 81 | Commodities | GSL vs FTGC | |
| Schwab U.S. Dividend Equity ETF | 0.13 | 0.24 | 0.32 | 80 | Dividend | GSL vs SCHD | |
| Direxion Daily MU Bull 2X Shares | 0.26 | — | — | 99 | Leveraged Equities | GSL vs MUU | |
| Virtus InfraCap U.S. Preferred Stock ETF | 0.29 | 0.25 | 0.29 | 56 | Preferred Stock/Convertible Bonds | GSL vs PFFA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GSL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | -0.04 | 0.05 | 69 | Consumer Defensive | |
| Evergy, Inc. | -0.08 | -0.00 | 0.03 | 83 | Utilities | |
| The Coca-Cola Company | -0.07 | -0.05 | 0.02 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.05 | 0.00 | 0.01 | 92 | Healthcare | |
| PepsiCo, Inc. | -0.03 | -0.04 | -0.01 | 56 | Consumer Defensive |
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