Looking to balance out your exposure to GPRK? The ETFs below have the lowest correlation with GPRK — they tend to move on their own, which can help reduce risk when GPRK drops. The stock ideas table highlights individual companies that behave independently from GPRK.
Best Diversifiers for GPRK
4 ETFs have low correlation with GPRK (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Emerging Markets Sovereign Debt ETF (PCY) (Emerging Markets Bonds) with a 1Y correlation of -0.03, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Emerging Markets Sovereign Debt ETF | -0.03 | 0.12 | 0.12 | 58 | Emerging Markets Bonds | GPRK vs PCY | |
| State Street SPDR S&P 500 ETF | 0.01 | 0.13 | 0.22 | 66 | S&P 500 | GPRK vs SPY | |
| Vanguard S&P 500 ETF | 0.01 | 0.13 | 0.22 | 66 | S&P 500 | GPRK vs VOO | |
| iShares MSCI Emerging Markets ETF | 0.07 | 0.18 | 0.24 | 61 | Emerging Markets Diversified | GPRK vs EEM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GPRK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GPRK and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.02, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.02 | 0.01 | 0.06 | 83 | Consumer Defensive | |
| UnitedHealth Group Incorporated | 0.04 | 0.03 | 0.08 | 76 | Healthcare | |
| Block, Inc | 0.04 | 0.13 | 0.16 | 59 | Technology | |
| Tyson Foods, Inc. | 0.10 | 0.10 | 0.15 | 58 | Consumer Defensive | |
| Vodafone Group Plc | 0.11 | 0.14 | 0.18 | 86 | Communication Services |
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