Looking to balance out your exposure to GRBK? The ETFs below have historically moved differently from GRBK, 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 GRBK
2 ETFs have low correlation with GRBK (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.17, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.17 | 0.25 | 0.37 | 87 | Semiconductors, Technology Equities | GRBK vs SMH | |
| Roundhill S&P 500 No Dividend Target ETF | 0.30 | — | — | 67 | S&P 500 | GRBK vs XDIV | |
| Vanguard S&P 500 ETF | 0.30 | 0.43 | 0.50 | 68 | S&P 500 | GRBK vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.48 | 0.55 | 0.53 | 95 | Dividend | GRBK vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GRBK, 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 Marathon Petroleum Corporation (MPC) (Energy) with a 1Y correlation of -0.04, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marathon Petroleum Corporation | -0.04 | 0.16 | 0.20 | 95 | Energy | |
| Fabrinet | -0.02 | 0.17 | 0.26 | 63 | Technology | |
| Fortinet, Inc. | 0.01 | 0.08 | 0.24 | 81 | Technology | |
| Broadcom Inc. | 0.04 | 0.16 | 0.28 | 67 | Technology | |
| Teekay Tankers Ltd. | 0.04 | 0.08 | 0.11 | 93 | Energy |
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