Looking to balance out your exposure to GTBP? The ETFs below have the lowest correlation with GTBP — they tend to move on their own, which can help reduce risk when GTBP drops. The stock ideas table highlights individual companies that behave independently from GTBP.
Best Diversifiers for GTBP
1 ETFs have low correlation with GTBP (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.21, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.21 | 0.13 | 0.20 | 70 | S&P 500 | GTBP vs VOO |
Diversification Analysis
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