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
0 ETFs have low correlation with GEHC (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.35, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.35 | 0.35 | 0.34 | 96 | Semiconductors, Technology Equities | GEHC vs SMH | |
| Xtrackers Semiconductor Select Equity ETF | 0.38 | — | — | 97 | Semiconductors, Technology Equities | GEHC vs CHPS | |
| Invesco QQQ ETF | 0.41 | 0.42 | — | 73 | Nasdaq-100 | GEHC vs QQQ | |
| Vanguard S&P 500 ETF | 0.51 | 0.51 | — | 70 | S&P 500 | GEHC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.52 | 0.51 | — | 70 | S&P 500 | GEHC vs SPY |
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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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.04, down from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.04 | 0.07 | — | 53 | Utilities | |
| Enterprise Products Partners L.P. | 0.03 | 0.14 | — | 85 | Energy | |
| Palo Alto Networks, Inc. | 0.06 | 0.16 | — | 67 | Technology | |
| Fortinet, Inc. | 0.08 | 0.19 | 0.20 | 66 | Technology | |
| GE Vernova Inc. | 0.09 | — | — | 87 | Utilities |
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Build a portfolio that complements GEHC
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