Looking to balance out your exposure to GRX? The ETFs below have the lowest correlation with GRX — they tend to move on their own, which can help reduce risk when GRX drops. The stock ideas table highlights individual companies that behave independently from GRX.
Best Diversifiers for GRX
0 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 0.35, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.35 | 0.45 | 0.56 | 70 | S&P 500 | GRX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GRX and solid risk/return profiles. The least correlated is Astronics Corporation (ATRO) (Industrials) with a 1Y correlation of 0.23, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Astronics Corporation | 0.23 | 0.29 | 0.31 | 93 | Industrials |
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