Looking to balance out your exposure to GSHD? The ETFs below have the lowest correlation with GSHD — they tend to move on their own, which can help reduce risk when GSHD drops. The stock ideas table highlights individual companies that behave independently from GSHD.
Best Diversifiers for GSHD
1 ETFs have low correlation with GSHD (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.12, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.12 | 0.25 | 0.39 | 70 | S&P 500 | GSHD vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GSHD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSHD and solid risk/return profiles. The least correlated is Brookfield Corp (BN) (Financial Services) with a 1Y correlation of 0.24, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Corp | 0.24 | 0.32 | 0.38 | 53 | Financial Services |
Build a portfolio that complements GSHD
Add GSHD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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