Looking to balance out your exposure to GXO? The ETFs below have the lowest correlation with GXO — they tend to move on their own, which can help reduce risk when GXO drops. The stock ideas table highlights individual companies that behave independently from GXO.
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 0.49 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.49 | 0.49 | — | 74 | S&P 500 | GXO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.49 | — | 74 | S&P 500 | GXO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GXO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GXO and solid risk/return profiles. The least correlated is Quanta Services, Inc. (PWR) (Industrials) with a 1Y correlation of 0.24, down from 0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Quanta Services, Inc. | 0.24 | 0.34 | — | 94 | Industrials | |
| Perimeter Solutions, SA | 0.30 | 0.33 | — | 93 | Basic Materials | |
| MYR Group Inc. | 0.30 | 0.37 | — | 97 | Industrials | |
| C.H. Robinson Worldwide, Inc. | 0.40 | 0.39 | — | 91 | Industrials | |
| SPX Corporation | 0.40 | 0.44 | — | 77 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GXO
Add GXO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GXO