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
515 ETFs have low correlation with GNR (below 0.3), 33 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.38, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.38 | -0.39 | -0.43 | 51 | Currency | GNR vs UUP | |
| ProShares Short Bitcoin ETF | -0.28 | -0.22 | — | 57 | Cryptocurrency | GNR vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | GNR vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | — | — | 68 | Inverse Equities, Leveraged Equities | GNR vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.25 | — | — | 60 | Inverse Equities | GNR vs SMST |
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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 0.30, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinix, Inc. | 0.30 | 0.29 | 0.27 | 88 | Real Estate | |
| The Toronto-Dominion Bank | 0.31 | 0.47 | 0.59 | 98 | Financial Services | |
| Prologis, Inc. | 0.34 | 0.39 | 0.37 | 87 | Real Estate |
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