Looking to balance out your exposure to GXO? The ETFs below have historically moved differently from GXO, 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 GXO
0 ETFs have low correlation with GXO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.49, roughly unchanged from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.49 | 0.48 | 0.55 | 68 | S&P 500 | GXO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.51 | 0.49 | 0.55 | 67 | S&P 500 | GXO vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GXO, 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 Targa Resources Corp. (TRGP) (Energy) with a 1Y correlation of -0.04, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Targa Resources Corp. | -0.04 | 0.10 | 0.24 | 93 | Energy | |
| Quanta Services, Inc. | 0.24 | 0.32 | 0.36 | 85 | Industrials | |
| Perimeter Solutions, SA | 0.28 | 0.33 | — | 87 | Basic Materials | |
| MYR Group Inc. | 0.31 | 0.36 | 0.37 | 83 | Industrials | |
| SPX Technologies, Inc. | 0.37 | 0.43 | 0.43 | 62 | Industrials |
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