Looking to diversify beyond GSLC? The ETFs below have the lowest correlation with GSLC — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from GSLC.
Best Diversifiers for GSLC
371 ETFs have low correlation with GSLC (below 0.3), 79 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.08 | 0.08 | 71 | Oil & Gas | GSLC vs DBE | |
| United States Oil Fund LP | -0.33 | -0.08 | 0.06 | 66 | Oil & Gas | GSLC vs USO | |
| United States Brent Oil Fund LP | -0.32 | -0.07 | 0.06 | 65 | Oil & Gas | GSLC vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.30 | -0.04 | 0.08 | 56 | Oil & Gas | GSLC vs OILK | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | -0.09 | -0.09 | 56 | Derivative Income | GSLC vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GSLC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSLC and solid risk/return profiles. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.06, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.06 | 0.25 | 0.35 | 75 | Real Estate | |
| Apple Inc | 0.52 | 0.55 | 0.68 | 90 | Technology | |
| Alphabet Inc Class A | 0.52 | 0.56 | 0.66 | 96 | Communication Services | |
| Broadcom Inc. | 0.53 | 0.61 | 0.67 | 86 | Technology |
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