Looking to balance out your exposure to GNRC? The ETFs below have the lowest correlation with GNRC — they tend to move on their own, which can help reduce risk when GNRC drops. The stock ideas table highlights individual companies that behave independently from GNRC.
Best Diversifiers for GNRC
0 ETFs have low correlation with GNRC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.46, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.46 | 0.44 | 0.53 | 55 | Nasdaq-100 | GNRC vs QQQ | |
| iShares Core S&P 500 ETF | 0.49 | 0.51 | 0.56 | 54 | S&P 500 | GNRC vs IVV | |
| Vanguard S&P 500 ETF | 0.49 | 0.51 | 0.56 | 55 | S&P 500 | GNRC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.51 | 0.57 | 55 | S&P 500 | GNRC vs SPY | |
| Invesco Semiconductors ETF | 0.59 | 0.50 | 0.53 | 96 | Semiconductors, Technology Equities | GNRC vs PSI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GNRC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GNRC and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.08 | -0.07 | 0.06 | 50 | Financial Services | |
| Altria Group, Inc. | -0.05 | 0.05 | 0.08 | 79 | Consumer Defensive | |
| Datadog, Inc. | 0.02 | 0.21 | 0.37 | 77 | Technology | |
| EOG Resources, Inc. | 0.02 | 0.17 | 0.17 | 57 | Energy | |
| NIO Inc. | 0.05 | 0.26 | 0.35 | 63 | Consumer Cyclical |
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