Looking to balance out your exposure to GIC? The ETFs below have historically moved differently from GIC, 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 GIC
2 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 0.26, down from 0.48 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 | 0.38 | 0.48 | 68 | S&P 500 | GIC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.39 | 0.48 | 67 | S&P 500 | GIC vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GIC, 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 United Therapeutics Corporation (UTHR) (Healthcare) with a 1Y correlation of -0.03, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| United Therapeutics Corporation | -0.03 | 0.09 | 0.12 | 95 | Healthcare | |
| Star Bulk Carriers Corp. | 0.04 | 0.09 | 0.14 | 90 | Industrials | |
| Celestica Inc. | 0.04 | 0.15 | 0.24 | 73 | Technology | |
| Halozyme Therapeutics, Inc. | 0.16 | 0.21 | 0.29 | 75 | Healthcare | |
| Baker Hughes Company | 0.17 | 0.24 | 0.24 | 75 | Energy |
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