Looking to balance out your exposure to GPRK? The ETFs below have historically moved differently from GPRK, 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 GPRK
3 ETFs have low correlation with GPRK (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.01, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.01 | 0.13 | 0.22 | 67 | S&P 500 | GPRK vs SPY | |
| Vanguard S&P 500 ETF | 0.01 | 0.13 | 0.22 | 68 | S&P 500 | GPRK vs VOO | |
| iShares MSCI Emerging Markets ETF | 0.10 | 0.19 | 0.24 | 63 | Emerging Markets Equities | GPRK vs EEM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GPRK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.06 | -0.01 | 0.05 | 90 | Consumer Defensive | |
| Citigroup Inc. | -0.02 | 0.13 | 0.24 | 84 | Financial Services | |
| Telefônica Brasil S.A. | 0.01 | 0.07 | 0.13 | 65 | Communication Services | |
| UnitedHealth Group Incorporated | 0.03 | 0.04 | 0.08 | 86 | Healthcare | |
| Lloyds Banking Group plc | 0.05 | 0.13 | 0.20 | 85 | Financial Services |
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