Looking to balance out your exposure to GPGI? The ETFs below have the lowest correlation with GPGI — they tend to move on their own, which can help reduce risk when GPGI drops. The stock ideas table highlights individual companies that behave independently from GPGI.
No Diversifiers Found for GPGI
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GPGI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GPGI and solid risk/return profiles. The least correlated is McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of 0.03, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | 0.03 | -0.01 | 0.02 | 58 | Healthcare | |
| Welltower Inc. | 0.08 | 0.15 | 0.11 | 92 | Real Estate | |
| Elbit Systems Ltd | 0.09 | 0.10 | 0.11 | 84 | Industrials | |
| UnitedHealth Group Incorporated | 0.11 | 0.05 | 0.05 | 76 | Healthcare | |
| American Healthcare REIT, Inc. | 0.14 | — | — | 90 | Real Estate |
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