Looking to balance out your exposure to GTY? The ETFs below have the lowest correlation with GTY — they tend to move on their own, which can help reduce risk when GTY drops. The stock ideas table highlights individual companies that behave independently from GTY.
Best Diversifiers for GTY
1 ETFs have low correlation with GTY (below 0.3), 1 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.02, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.02 | 0.03 | 0.02 | 100 | Government Bonds, Ultrashort Bond | GTY vs USFR | |
| Schwab U.S. Dividend Equity ETF | 0.37 | 0.47 | 0.49 | 91 | Dividend | GTY vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GTY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GTY and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.03, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.03 | 0.09 | 0.18 | 93 | Technology | |
| Energy Transfer LP | 0.03 | 0.13 | 0.23 | 83 | Energy | |
| Star Bulk Carriers Corp. | 0.08 | 0.02 | 0.08 | 84 | Industrials | |
| Walmart Inc. | 0.17 | 0.19 | 0.23 | 69 | Consumer Defensive | |
| Iron Mountain Incorporated | 0.22 | 0.36 | 0.43 | 68 | Real Estate |
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