Looking to diversify beyond GNR? The ETFs below have the lowest correlation with GNR — 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 GNR.
Best Diversifiers for GNR
706 ETFs have low correlation with GNR (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.18 | -0.14 | 61 | Leveraged Currency | GNR vs YCS | |
| Roundhill Weekly T-Bill ETF | -0.13 | — | — | 99 | Ultrashort Bond | GNR vs WEEK | |
| TCW AAA CLO ETF | -0.11 | — | — | 99 | CLO | GNR vs ACLO | |
| PIMCO Ultra Short Government Active Exchange-Trade... | -0.09 | -0.04 | -0.04 | 100 | Ultrashort Bond | GNR vs BILZ | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | -0.02 | 0.00 | 100 | Government Bonds, Ultrashort Bond | GNR vs BIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GNR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GNR and solid risk/return profiles. The least correlated is Equinix, Inc. (EQIX) (Real Estate) with a 1Y correlation of 0.25, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinix, Inc. | 0.25 | 0.28 | 0.26 | 64 | Real Estate | |
| The Toronto-Dominion Bank | 0.31 | 0.51 | 0.60 | 97 | Financial Services | |
| Prologis, Inc. | 0.35 | 0.41 | 0.38 | 83 | Real Estate |
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