Looking to balance out your exposure to GDRX? The ETFs below have the lowest correlation with GDRX — they tend to move on their own, which can help reduce risk when GDRX drops. The stock ideas table highlights individual companies that behave independently from GDRX.
Best Diversifiers for GDRX
1 ETFs have low correlation with GDRX (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.18, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.18 | 0.24 | 0.31 | 77 | Dividend | GDRX vs SCHD | |
| State Street SPDR Portfolio S&P 500 ETF | 0.39 | 0.38 | 0.45 | 60 | S&P 500 | GDRX vs SPYM | |
| Vanguard S&P 500 ETF | 0.39 | 0.38 | 0.45 | 60 | S&P 500 | GDRX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDRX and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.04 | 0.01 | 0.05 | 96 | Healthcare | |
| Equinox Gold Corp. | 0.03 | 0.12 | 0.15 | 70 | Basic Materials | |
| Pfizer Inc. | 0.09 | 0.11 | 0.11 | 50 | Healthcare | |
| Warner Bros. Discovery, Inc. | 0.16 | 0.25 | 0.31 | 97 | Communication Services | |
| UnitedHealth Group Incorporated | 0.17 | 0.09 | 0.11 | 68 | Healthcare |
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