Looking to balance out your exposure to GTX? The ETFs below have the lowest correlation with GTX — they tend to move on their own, which can help reduce risk when GTX drops. The stock ideas table highlights individual companies that behave independently from GTX.
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 -0.12, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.07 | -0.02 | 100 | Ultrashort Bond | GTX vs SGOV | |
| iShares Latin American 40 ETF | 0.31 | 0.27 | 0.25 | 54 | Latin America Equities | GTX vs ILF | |
| State Street SPDR S&P 500 ETF | 0.47 | 0.36 | 0.33 | 70 | S&P 500 | GTX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GTX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.01, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.01 | 0.05 | 0.10 | 53 | Utilities | |
| Elbit Systems Ltd | 0.01 | 0.10 | 0.09 | 88 | Industrials | |
| Altria Group, Inc. | 0.03 | 0.10 | 0.13 | 69 | Consumer Defensive | |
| Fox Corporation | 0.08 | 0.19 | 0.23 | 55 | Communication Services | |
| Raytheon Technologies Corporation | 0.10 | 0.12 | 0.19 | 70 | Industrials |
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