Looking to balance out your exposure to GVA? The ETFs below have the lowest correlation with GVA — they tend to move on their own, which can help reduce risk when GVA drops. The stock ideas table highlights individual companies that behave independently from GVA.
Best Diversifiers for GVA
0 ETFs have low correlation with GVA (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 0.52, roughly unchanged from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.52 | 0.53 | 0.54 | 70 | S&P 500 | GVA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GVA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GVA and solid risk/return profiles. The least correlated is TechnipFMC plc (FTI) (Energy) with a 1Y correlation of 0.11, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TechnipFMC plc | 0.11 | 0.27 | 0.36 | 96 | Energy | |
| Cardinal Health, Inc. | 0.12 | 0.12 | 0.24 | 68 | Healthcare | |
| Fortinet, Inc. | 0.14 | 0.23 | 0.25 | 66 | Technology | |
| Sempra Energy | 0.16 | 0.24 | 0.28 | 67 | Utilities | |
| AppLovin Corporation | 0.19 | 0.31 | 0.28 | 59 | Technology |
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