Looking to balance out your exposure to GNTX? The ETFs below have the lowest correlation with GNTX — they tend to move on their own, which can help reduce risk when GNTX drops. The stock ideas table highlights individual companies that behave independently from GNTX.
Best Diversifiers for GNTX
0 ETFs have low correlation with GNTX (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 0.40, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.40 | 0.45 | 0.55 | 63 | S&P 500 | GNTX vs VOO | |
| State Street SPDR S&P 500 ETF | 0.41 | 0.45 | 0.55 | 63 | S&P 500 | GNTX vs SPY | |
| iShares MSCI World ETF | 0.43 | 0.48 | 0.57 | 60 | Global Equities | GNTX vs URTH | |
| Vanguard Russell 3000 ETF | 0.44 | 0.48 | 0.57 | 62 | Large Cap Blend Equities | GNTX vs VTHR |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GNTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GNTX and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of 0.09, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | 0.09 | 0.18 | 0.28 | 85 | Energy | |
| AbbVie Inc. | 0.10 | 0.15 | 0.17 | 78 | Healthcare | |
| Apple Inc | 0.29 | 0.28 | 0.37 | 83 | Technology | |
| Eaton Corporation plc | 0.34 | 0.38 | 0.47 | 64 | Industrials | |
| General Motors Company | 0.50 | 0.48 | 0.58 | 88 | Consumer Cyclical |
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