Looking to balance out your exposure to GILD? The ETFs below have the lowest correlation with GILD — they tend to move on their own, which can help reduce risk when GILD drops. The stock ideas table highlights individual companies that behave independently from GILD.
Best Diversifiers for GILD
242 ETFs have low correlation with GILD (below 0.3), 19 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.12, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.12 | -0.08 | -0.02 | 54 | Commodities | GILD vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.11 | -0.07 | -0.01 | 56 | Commodities | GILD vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.10 | -0.07 | -0.01 | 57 | Commodities | GILD vs PDBC | |
| WisdomTree Floating Rate Treasury Fund | -0.07 | -0.06 | -0.04 | 100 | Government Bonds, Ultrashort Bond | GILD vs USFR | |
| ProShares Ultra Semiconductors | -0.07 | -0.05 | 0.05 | 60 | Leveraged Equities, Semiconductors | GILD vs USD |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GILD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GILD and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.10, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.10 | 0.04 | 0.06 | 97 | Energy | |
| Cheniere Energy, Inc. | -0.09 | 0.02 | 0.04 | 57 | Energy | |
| NVIDIA Corporation | -0.08 | -0.09 | 0.01 | 63 | Technology | |
| Reddit, Inc. | -0.07 | — | — | 58 | Communication Services | |
| AppLovin Corporation | -0.07 | -0.07 | 0.03 | 56 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GILD
Add GILD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GILD