Looking to balance out your exposure to GHC? The ETFs below have historically moved differently from GHC, 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 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 0.26, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.26 | 0.42 | 0.47 | 68 | S&P 500 | GHC vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GHC, 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 Western Digital Corporation (WDC) (Technology) with a 1Y correlation of -0.14, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Western Digital Corporation | -0.14 | 0.13 | 0.23 | 99 | Technology | |
| Astera Labs, Inc. | -0.08 | — | — | 79 | Technology | |
| Credo Technology Group Holding Ltd | -0.08 | 0.13 | — | 74 | Technology | |
| Argan, Inc. | -0.04 | 0.20 | 0.26 | 89 | Industrials | |
| Celestica Inc. | -0.04 | 0.16 | 0.26 | 73 | Technology |
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