Looking to balance out your exposure to GTLB? The ETFs below have the lowest correlation with GTLB — they tend to move on their own, which can help reduce risk when GTLB drops. The stock ideas table highlights individual companies that behave independently from GTLB.
Best Diversifiers for GTLB
1 ETFs have low correlation with GTLB (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.09, down from 0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.09 | 0.34 | — | 94 | Semiconductors, Technology Equities | GTLB vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GTLB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GTLB and solid risk/return profiles. The least correlated is PulteGroup, Inc. (PHM) (Consumer Cyclical) with a 1Y correlation of -0.01, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PulteGroup, Inc. | -0.01 | 0.19 | 0.29 | 67 | Consumer Cyclical | |
| Vertiv Holdings Co. | 0.01 | 0.31 | 0.40 | 93 | Industrials | |
| KB Home | 0.01 | 0.20 | 0.30 | 56 | Consumer Cyclical | |
| Advanced Energy Industries, Inc. | 0.02 | 0.31 | 0.38 | 95 | Industrials | |
| Genmab A/S | 0.03 | 0.10 | 0.19 | 61 | Healthcare |
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