Looking to balance out your exposure to GTES? The ETFs below have the lowest correlation with GTES — they tend to move on their own, which can help reduce risk when GTES drops. The stock ideas table highlights individual companies that behave independently from GTES.
Best Diversifiers for GTES
1 ETFs have low correlation with GTES (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-1 Year Treasury Bond ETF (SHV) (Government Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | 0.03 | 0.03 | 0.04 | 100 | Government Bonds, Ultrashort Bond | GTES vs SHV | |
| Vanguard S&P 500 ETF | 0.56 | 0.55 | 0.61 | 74 | S&P 500 | GTES vs VOO | |
| State Street SPDR S&P 500 ETF | 0.56 | 0.55 | 0.61 | 74 | S&P 500 | GTES vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GTES, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GTES and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.08, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.08 | 0.16 | 0.26 | 84 | Energy | |
| Hafnia Limited | 0.00 | — | — | 81 | Industrials | |
| NVIDIA Corporation | 0.27 | 0.29 | 0.38 | 80 | Technology | |
| Target Corporation | 0.32 | 0.32 | 0.40 | 73 | Consumer Defensive | |
| Embraer S.A | 0.34 | 0.27 | 0.35 | 55 | Industrials |
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