Looking to balance out your exposure to GEHC? The ETFs below have the lowest correlation with GEHC — they tend to move on their own, which can help reduce risk when GEHC drops. The stock ideas table highlights individual companies that behave independently from GEHC.
Best Diversifiers for GEHC
3 ETFs have low correlation with GEHC (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.21, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.21 | 0.33 | 0.33 | 66 | Technology Equities | GEHC vs XLK | |
| VanEck Semiconductor ETF | 0.23 | 0.32 | — | 93 | Semiconductors, Technology Equities | GEHC vs SMH | |
| Xtrackers Semiconductor Select Equity ETF | 0.23 | 0.35 | — | 95 | Semiconductors, Technology Equities | GEHC vs CHPS | |
| Invesco QQQ ETF | 0.32 | 0.39 | — | 61 | Nasdaq-100 | GEHC vs QQQ | |
| Vanguard S&P 500 ETF | 0.44 | 0.49 | — | 67 | S&P 500 | GEHC vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GEHC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GEHC and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.03, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.03 | 0.14 | 0.15 | 85 | Energy | |
| Duke Energy Corporation | 0.02 | 0.09 | — | 65 | Utilities | |
| GE Vernova Inc. | 0.06 | — | — | 89 | Industrials | |
| Palo Alto Networks, Inc. | 0.06 | 0.14 | — | 86 | Technology | |
| Advanced Micro Devices, Inc. | 0.09 | 0.23 | — | 97 | Technology |
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Build a portfolio that complements GEHC
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