Looking to balance out your exposure to GH? The ETFs below have the lowest correlation with GH — they tend to move on their own, which can help reduce risk when GH drops. The stock ideas table highlights individual companies that behave independently from GH.
Best Diversifiers for GH
4 ETFs have low correlation with GH (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Treasury ETF (VGSH) (Government Bonds) with a 1Y correlation of 0.06, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Treasury ETF | 0.06 | 0.10 | 0.10 | 83 | Government Bonds, Short-Term Bond | GH vs VGSH | |
| Vanguard S&P 500 ETF | 0.21 | 0.36 | 0.42 | 70 | S&P 500 | GH vs VOO | |
| Vanguard Information Technology ETF | 0.21 | 0.33 | 0.42 | 76 | Technology Equities | GH vs VGT | |
| VanEck Semiconductor ETF | 0.22 | 0.30 | 0.38 | 96 | Semiconductors, Technology Equities | GH vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GH and solid risk/return profiles. The least correlated is MDU Resources Group, Inc. (MDU) (Basic Materials) with a 1Y correlation of 0.02, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MDU Resources Group, Inc. | 0.02 | 0.21 | 0.21 | 73 | Basic Materials | |
| MasTec, Inc. | 0.04 | 0.24 | 0.27 | 95 | Industrials | |
| Sempra Energy | 0.04 | 0.17 | 0.14 | 67 | Utilities | |
| CVS Health Corporation | 0.05 | 0.11 | 0.11 | 80 | Healthcare | |
| Johnson & Johnson | 0.05 | 0.06 | 0.06 | 92 | Healthcare |
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