Looking to balance out your exposure to GTEC? The ETFs below have the lowest correlation with GTEC — they tend to move on their own, which can help reduce risk when GTEC drops. The stock ideas table highlights individual companies that behave independently from GTEC.
Best Diversifiers for GTEC
1 ETFs have low correlation with GTEC (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | 0.17 | 0.16 | 0.20 | 64 | Technology Equities | GTEC vs FTEC |
Diversification Analysis
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