Looking to diversify beyond GXLC? The ETFs below have historically moved differently from GXLC, 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 GXLC
0 ETFs have low correlation with GXLC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Dow Jones Industrial Average Dividend ETF (DJD) (Large Cap Value Equities) with a 1Y correlation of 0.40, roughly unchanged from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Dow Jones Industrial Average Dividend ETF | 0.40 | 0.40 | 0.40 | 91 | Large Cap Value Equities, Dividend | GXLC vs DJD | |
| Kurv Yield Premium Strategy Apple (AAPL) ETF | 0.42 | 0.42 | 0.42 | 55 | Derivative Income | GXLC vs AAPY | |
| THOR Equal Weight Low Volatility ETF | 0.62 | 0.62 | 0.62 | 54 | Equal Weight, Low Volatility | GXLC vs THLV | |
| VictoryShares US 500 Enhanced Volatility Weighted ... | 0.68 | 0.68 | 0.68 | 57 | Low Volatility | GXLC vs CFO | |
| Fidelity High Dividend ETF | 0.74 | 0.74 | 0.74 | 79 | Large Cap Blend Equities, Dividend | GXLC vs FDVV |
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