PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

GlaxoSmithKline plc (GSK.L) Diversifiers

Equity · Currency in GBp · Last updated Jul 21, 2026

GSK plc, together with its subsidiaries, engages in the research, development and manufacture of vaccines and specialty medicines to prevent and treat disease in the United Kingdom, the United States, and internationally. It operates through four segments: Pharmaceuticals, Pharmaceuticals R&D, Vaccines, and Consumer Healthcare. The company offers pharmaceutical products comprising medicines in the therapeutic areas, such as infectious disease, HIV, immunology and respiratory, and oncology. The company was formerly known as GlaxoSmithKline plc and changed its name to GSK plc in May 2022. GSK plc was founded in 1715 and is based in Brentford, the United Kingdom.

Looking to balance out your exposure to GSK.L? The ETFs below have the lowest correlation with GSK.L — they tend to move on their own, which can help reduce risk when GSK.L drops. The stock ideas table highlights individual companies that behave independently from GSK.L.

Best Diversifiers for GSK.L

3 ETFs have low correlation with GSK.L (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) (Nasdaq-100) with a 1Y correlation of -0.08, down from 0.04 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EQQQ.L
Invesco EQQQ NASDAQ-100 UCITS ETF-0.08-0.050.04
60
Nasdaq-100GSK.L vs EQQQ.L
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)0.110.110.18
81
Global EquitiesGSK.L vs SWDA.L
HMWO.L
HSBC MSCI World UCITS ETF0.120.110.17
81
Global EquitiesGSK.L vs HMWO.L

Rows per page

1–3 of 3

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from GSK.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSK.L and solid risk/return profiles. The least correlated is Samsung Electronics Co. Ltd (SMSN.L) (Technology) with a 1Y correlation of -0.04, roughly unchanged from 0.03 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
SMSN.L
Samsung Electronics Co. Ltd-0.040.000.03
98
Technology
HLMA.L
Halma plc0.060.110.13
56
Industrials
RIO.L
Rio Tinto PLC0.070.090.10
89
Basic Materials
RR.L
Rolls-Royce Holdings PLC0.080.080.06
75
Industrials
DRX.L
Drax Group0.180.130.13
67
Utilities
See all 10 low-correlation stocks for GSK.L

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements GSK.L

Add GSK.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with GSK.L