Looking to balance out your exposure to GSM? The ETFs below have the lowest correlation with GSM — they tend to move on their own, which can help reduce risk when GSM drops. The stock ideas table highlights individual companies that behave independently from GSM.
No Diversifiers Found for GSM
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GSM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSM and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.19, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.19 | 0.17 | 0.26 | 89 | Technology |
Build a portfolio that complements GSM
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