Looking to balance out your exposure to GTLS? The ETFs below have the lowest correlation with GTLS — they tend to move on their own, which can help reduce risk when GTLS drops. The stock ideas table highlights individual companies that behave independently from GTLS.
Best Diversifiers for GTLS
2 ETFs have low correlation with GTLS (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of 0.18, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.18 | 0.37 | 0.41 | 62 | Technology Equities | GTLS vs IYW | |
| Vanguard Information Technology ETF | 0.21 | 0.40 | 0.43 | 60 | Technology Equities | GTLS vs VGT | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.48 | 0.50 | 63 | S&P 500 | GTLS vs SPY | |
| Vanguard S&P 500 ETF | 0.31 | 0.48 | 0.50 | 63 | S&P 500 | GTLS vs VOO | |
| Vanguard Total Stock Market ETF | 0.32 | 0.52 | 0.53 | 64 | Large Cap Blend Equities | GTLS vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GTLS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GTLS and solid risk/return profiles. The least correlated is Acadia Healthcare Company, Inc. (ACHC) (Healthcare) with a 1Y correlation of 0.01, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Acadia Healthcare Company, Inc. | 0.01 | 0.19 | 0.26 | 56 | Healthcare | |
| United Therapeutics Corporation | 0.06 | 0.13 | 0.14 | 94 | Healthcare | |
| TC Energy Corporation | 0.07 | 0.27 | 0.27 | 96 | Energy | |
| Corning Incorporated | 0.12 | 0.33 | 0.37 | 98 | Technology | |
| Energy Transfer LP | 0.15 | 0.37 | 0.40 | 72 | Energy |
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