Looking to balance out your exposure to GHRS? The ETFs below have the lowest correlation with GHRS — they tend to move on their own, which can help reduce risk when GHRS drops. The stock ideas table highlights individual companies that behave independently from GHRS.
Best Diversifiers for GHRS
2 ETFs have low correlation with GHRS (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Value ETF (VTV) (Large Cap Value Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Value ETF | 0.22 | 0.19 | — | 79 | Large Cap Value Equities | GHRS vs VTV | |
| Vanguard Total International Stock ETF | 0.25 | 0.20 | — | 60 | Global Equities | GHRS vs VXUS | |
| Vanguard Small-Cap Value ETF | 0.30 | 0.22 | — | 52 | Small Cap Value Equities | GHRS vs VBR |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GHRS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GHRS and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.09, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.09 | -0.02 | -0.00 | 53 | Utilities | |
| Chevron Corporation | -0.04 | 0.01 | 0.08 | 83 | Energy | |
| Eli Lilly and Company | 0.02 | 0.02 | 0.06 | 72 | Healthcare | |
| GlaxoSmithKline plc | 0.03 | 0.01 | — | 68 | Healthcare | |
| AbbVie Inc. | 0.08 | 0.04 | 0.05 | 62 | Healthcare |
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