Looking to diversify beyond GSKH? The ETFs below have historically moved differently from GSKH, 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 GSKH
14 ETFs have low correlation with GSKH (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| STMicroelectronics NV ADRhedged | -0.03 | — | — | 75 | Technology Equities | GSKH vs STHH | |
| Simplify Propel Opportunities ETF | 0.06 | — | — | 70 | Health & Biotech Equities | GSKH vs SURI | |
| ARK Genomic Revolution Multi-Sector ETF | 0.14 | — | — | 60 | Health & Biotech Equities, Actively Managed | GSKH vs ARKG | |
| Virtus LifeSci Biotech Clinical Trials ETF | 0.19 | 0.23 | 0.23 | 96 | Health & Biotech Equities | GSKH vs BBC | |
| AdvisorShares Psychedelics ETF | 0.19 | — | — | 56 | Health & Biotech Equities | GSKH vs PSIL |
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