Looking to balance out your exposure to GRBK? The ETFs below have the lowest correlation with GRBK — they tend to move on their own, which can help reduce risk when GRBK drops. The stock ideas table highlights individual companies that behave independently from GRBK.
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 0.16, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.16 | 0.27 | 0.37 | 92 | Semiconductors, Technology Equities | GRBK vs SMH | |
| Fidelity Momentum Factor ETF | 0.18 | 0.35 | 0.44 | 52 | Momentum, Large Cap Growth Equities | GRBK vs FDMO | |
| Vanguard S&P 500 ETF | 0.31 | 0.44 | 0.50 | 66 | S&P 500 | GRBK vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.48 | 0.54 | 0.53 | 86 | Dividend | GRBK vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GRBK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GRBK and solid risk/return profiles. The least correlated is Marathon Petroleum Corporation (MPC) (Energy) with a 1Y correlation of -0.01, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marathon Petroleum Corporation | -0.01 | 0.16 | 0.21 | 90 | Energy | |
| Fabrinet | 0.01 | 0.18 | 0.28 | 74 | Technology | |
| Altria Group, Inc. | 0.01 | 0.09 | 0.15 | 81 | Consumer Defensive | |
| Broadcom Inc. | 0.02 | 0.17 | 0.29 | 71 | Technology | |
| Fortinet, Inc. | 0.03 | 0.09 | 0.24 | 79 | Technology |
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