Looking to balance out your exposure to GTN? The ETFs below have the lowest correlation with GTN — they tend to move on their own, which can help reduce risk when GTN drops. The stock ideas table highlights individual companies that behave independently from GTN.
Best Diversifiers for GTN
0 ETFs have low correlation with GTN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.34, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.34 | 0.31 | 0.39 | 70 | S&P 500 | GTN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GTN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GTN and solid risk/return profiles. The least correlated is International Seaways, Inc. (INSW) (Energy) with a 1Y correlation of -0.03, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| International Seaways, Inc. | -0.03 | 0.13 | 0.16 | 95 | Energy | |
| Scorpio Tankers Inc. | 0.01 | 0.15 | 0.17 | 89 | Energy | |
| Fortuna Silver Mines Inc. | 0.12 | 0.20 | 0.19 | 62 | Basic Materials | |
| Onto Innovation Inc. | 0.18 | 0.16 | 0.25 | 94 | Technology |
Build a portfolio that complements GTN
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