Looking to balance out your exposure to GNK? The ETFs below have the lowest correlation with GNK — they tend to move on their own, which can help reduce risk when GNK drops. The stock ideas table highlights individual companies that behave independently from GNK.
Best Diversifiers for GNK
3 ETFs have low correlation with GNK (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.23, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.23 | 0.26 | 0.29 | 80 | Dividend | GNK vs SCHD | |
| Vanguard S&P 500 ETF | 0.27 | 0.27 | 0.32 | 70 | S&P 500 | GNK vs VOO | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.27 | — | — | 75 | Derivative Income, S&P 500 | GNK vs GPIX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GNK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GNK and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hercules Capital, Inc. | -0.03 | 0.01 | 0.06 | 70 | ||
| Verizon Communications Inc. | -0.02 | 0.01 | 0.05 | 59 | Communication Services | |
| Easterly Government Properties, Inc. | 0.16 | 0.13 | 0.14 | 65 | Real Estate | |
| AGNC Investment Corp. | 0.24 | 0.21 | 0.26 | 76 | Real Estate | |
| ZIM Integrated Shipping Services Ltd. | 0.26 | 0.29 | 0.37 | 72 | Industrials |
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