Looking to balance out your exposure to GRX? The ETFs below have historically moved differently from GRX, 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 GRX
1 ETFs have low correlation with GRX (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 0.27, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.27 | 0.42 | 0.54 | 68 | S&P 500 | GRX vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GRX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Astronics Corporation (ATRO) (Industrials) with a 1Y correlation of 0.19, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Astronics Corporation | 0.19 | 0.27 | 0.29 | 94 | Industrials | |
| Cohen & Steers Infrastructure Fund, Inc | 0.25 | 0.37 | 0.41 | 74 | Financial Services |
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