Looking to balance out your exposure to GTX? The ETFs below have historically moved differently from GTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GTX
1 ETFs have low correlation with GTX (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.11, roughly unchanged from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.08 | -0.05 | 100 | Ultrashort Bond | GTX vs SGOV | |
| iShares Latin American 40 ETF | 0.36 | 0.31 | 0.25 | 81 | Latin America Equities | GTX vs ILF | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.40 | 0.34 | 78 | S&P 500 | GTX vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GTX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.08, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.08 | 0.04 | 0.09 | 52 | Utilities | |
| VeriSign, Inc. | -0.06 | 0.09 | 0.12 | 58 | Technology | |
| Altria Group, Inc. | -0.01 | 0.07 | 0.11 | 66 | Consumer Defensive | |
| McKesson Corporation | -0.01 | -0.02 | 0.06 | 62 | Healthcare | |
| The Charles Schwab Corporation | 0.02 | 0.19 | 0.20 | 58 | Financial Services |
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