Looking to balance out your exposure to GEHC? The ETFs below have historically moved differently from GEHC, 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 GEHC
4 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 0.15, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.15 | 0.31 | 0.31 | 62 | Technology Equities | GEHC vs XLK | |
| VanEck Semiconductor ETF | 0.17 | 0.30 | 0.29 | 88 | Semiconductors, Technology Equities | GEHC vs SMH | |
| Xtrackers Semiconductor Select Equity ETF | 0.17 | 0.32 | — | 93 | Semiconductors, Technology Equities | GEHC vs CHPS | |
| Invesco QQQ ETF | 0.25 | 0.37 | — | 58 | Nasdaq-100 | GEHC vs QQQ | |
| Industrial Select Sector SPDR Fund | 0.36 | 0.49 | — | 58 | Industrials Equities | GEHC vs XLI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GEHC, 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 Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.00, down from 0.15 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.00 | 0.15 | — | 89 | Energy | |
| GE Vernova Inc. | 0.02 | — | — | 77 | Industrials | |
| Palo Alto Networks, Inc. | 0.03 | 0.13 | 0.13 | 90 | Technology | |
| Advanced Micro Devices, Inc. | 0.03 | 0.20 | 0.18 | 94 | Technology | |
| Duke Energy Corporation | 0.05 | 0.09 | — | 52 | Utilities |
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