Looking to balance out your exposure to GHC? The ETFs below have the lowest correlation with GHC — they tend to move on their own, which can help reduce risk when GHC drops. The stock ideas table highlights individual companies that behave independently from GHC.
Best Diversifiers for GHC
1 ETFs have low correlation with GHC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.30, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.30 | 0.44 | 0.48 | 66 | S&P 500 | GHC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GHC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GHC and solid risk/return profiles. The least correlated is Western Digital Corporation (WDC) (Technology) with a 1Y correlation of -0.08, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Western Digital Corporation | -0.08 | 0.15 | 0.25 | 99 | Technology | |
| Astera Labs, Inc. | -0.06 | — | — | 92 | Technology | |
| Credo Technology Group Holding Ltd | -0.05 | 0.14 | — | 83 | Technology | |
| Amphenol Corporation | -0.01 | 0.23 | 0.34 | 80 | Technology | |
| Celestica Inc. | -0.01 | 0.17 | 0.27 | 85 | Technology |
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