Looking to balance out your exposure to GSK? The ETFs below have the lowest correlation with GSK — they tend to move on their own, which can help reduce risk when GSK drops. The stock ideas table highlights individual companies that behave independently from GSK.
Best Diversifiers for GSK
6 ETFs have low correlation with GSK (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.03, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.03 | 0.08 | 0.15 | 83 | Technology Equities | GSK vs XLK | |
| VanEck Semiconductor ETF | 0.08 | 0.08 | 0.12 | 96 | Semiconductors, Technology Equities | GSK vs SMH | |
| iShares Global Clean Energy ETF | 0.14 | 0.24 | 0.24 | 87 | Alternative Energy Equities | GSK vs ICLN | |
| Vanguard Total Stock Market ETF | 0.21 | 0.23 | 0.26 | 68 | Large Cap Blend Equities | GSK vs VTI | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.22 | 0.26 | 70 | S&P 500 | GSK vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GSK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSK and solid risk/return profiles. The least correlated is Oracle Corporation (ORCL) (Technology) with a 1Y correlation of -0.16, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.16 | 0.01 | 0.09 | 58 | Technology | |
| Exxon Mobil Corporation | -0.08 | 0.05 | 0.09 | 85 | Energy | |
| Phillips 66 | -0.04 | 0.08 | 0.12 | 87 | Energy | |
| Chevron Corporation | -0.04 | 0.04 | 0.10 | 83 | Energy | |
| ConocoPhillips Company | -0.04 | 0.02 | 0.08 | 76 | Energy |
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Build a portfolio that complements GSK
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