Looking to balance out your exposure to GNK? The ETFs below have historically moved differently from GNK, 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 GNK
2 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 0.18, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.18 | 0.24 | 0.28 | 95 | Dividend | GNK vs SCHD | |
| Vanguard S&P 500 ETF | 0.30 | 0.27 | 0.31 | 68 | S&P 500 | GNK vs VOO | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.30 | — | — | 78 | Derivative Income, S&P 500 | GNK vs GPIX |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GNK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hercules Capital, Inc. | -0.01 | 0.00 | 0.06 | 71 | ||
| Verizon Communications Inc. | 0.01 | 0.02 | 0.05 | 66 | Communication Services | |
| Realty Income Corporation | 0.07 | 0.04 | 0.09 | 77 | Real Estate | |
| Easterly Government Properties, Inc. | 0.15 | 0.13 | 0.14 | 73 | Real Estate | |
| OneMain Holdings, Inc. | 0.18 | 0.19 | 0.27 | 59 | Financial Services |
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