Looking to balance out your exposure to GH? The ETFs below have historically moved differently from GH, 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 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 0.14, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Treasury ETF | 0.14 | 0.11 | 0.11 | 91 | Government Bonds, Short-Term Bond | GH vs VGSH | |
| VanEck Semiconductor ETF | 0.20 | 0.28 | 0.37 | 87 | Semiconductors, Technology Equities | GH vs SMH | |
| Vanguard Information Technology ETF | 0.20 | 0.31 | 0.41 | 52 | Technology Equities | GH vs VGT | |
| Vanguard S&P 500 ETF | 0.23 | 0.35 | 0.42 | 68 | S&P 500 | GH vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GH, 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 DaVita Inc. (DVA) (Healthcare) with a 1Y correlation of -0.02, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DaVita Inc. | -0.02 | 0.14 | 0.19 | 89 | Healthcare | |
| CVS Health Corporation | -0.02 | 0.10 | 0.10 | 94 | Healthcare | |
| HF Sinclair Corp | -0.01 | 0.10 | 0.11 | 96 | Energy | |
| Valero Energy Corporation | -0.00 | 0.07 | 0.07 | 98 | Energy | |
| NextEra Energy, Inc. | 0.01 | 0.08 | 0.14 | 77 | Utilities |
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