Looking to diversify beyond GSKH? The ETFs below have the lowest correlation with GSKH — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from GSKH.
Best Diversifiers for GSKH
3 ETFs have low correlation with GSKH (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| STMicroelectronics NV ADRhedged | 0.03 | — | — | 81 | Technology Equities | GSKH vs STHH | |
| Virtus LifeSci Biotech Clinical Trials ETF | 0.24 | — | — | 88 | Health & Biotech Equities | GSKH vs BBC | |
| HSBC Holdings plc ADRhedged ETF | 0.27 | — | — | 84 | Financials Equities | GSKH vs HSBH | |
| SPDR S&P Biotech ETF | 0.34 | — | — | 74 | Health & Biotech Equities | GSKH vs XBI | |
| iShares Genomics Immunology and Healthcare ETF Gen... | 0.36 | — | — | 59 | Health & Biotech Equities | GSKH vs IDNA |
See all 9 diversifiers for GSKH
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Diversification Analysis
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