Looking to balance out your exposure to GIC? The ETFs below have the lowest correlation with GIC — they tend to move on their own, which can help reduce risk when GIC drops. The stock ideas table highlights individual companies that behave independently from GIC.
Best Diversifiers for GIC
0 ETFs have low correlation with GIC (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 0.35, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.35 | 0.40 | 0.49 | 70 | S&P 500 | GIC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.40 | 0.49 | 70 | S&P 500 | GIC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GIC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GIC and solid risk/return profiles. The least correlated is United Therapeutics Corporation (UTHR) (Healthcare) with a 1Y correlation of 0.04, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| United Therapeutics Corporation | 0.04 | 0.10 | 0.12 | 86 | Healthcare | |
| Star Bulk Carriers Corp. | 0.08 | 0.09 | 0.16 | 89 | Industrials | |
| Celestica Inc. | 0.11 | 0.17 | 0.26 | 94 | Technology | |
| Halozyme Therapeutics, Inc. | 0.19 | 0.22 | 0.29 | 66 | Healthcare | |
| Baker Hughes Company | 0.21 | 0.26 | 0.26 | 89 | Energy |
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