Looking to balance out your exposure to GT? The ETFs below have the lowest correlation with GT — they tend to move on their own, which can help reduce risk when GT drops. The stock ideas table highlights individual companies that behave independently from GT.
Best Diversifiers for GT
2 ETFs have low correlation with GT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.21, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.21 | 0.26 | 0.40 | 75 | Momentum, S&P 500 | GT vs SPMO | |
| Invesco QQQ ETF | 0.27 | 0.30 | 0.45 | 74 | Nasdaq-100 | GT vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.39 | 0.53 | 74 | S&P 500 | GT vs SPY | |
| Vanguard S&P 500 ETF | 0.33 | 0.39 | 0.53 | 74 | S&P 500 | GT vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GT and solid risk/return profiles. The least correlated is Permian Resources Corporation (PR) (Energy) with a 1Y correlation of 0.07, down from 0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Permian Resources Corporation | 0.07 | 0.19 | — | 82 | Energy | |
| Alcoa Corporation | 0.26 | 0.33 | 0.39 | 95 | Basic Materials | |
| National Oilwell Varco, Inc. | 0.33 | 0.33 | 0.36 | 88 | Energy |
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