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 Fidelity Momentum Factor ETF (FDMO) (Momentum) with a 1Y correlation of 0.20, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Momentum Factor ETF | 0.20 | 0.37 | 0.45 | 57 | Momentum, Large Cap Growth Equities | GRBK vs FDMO | |
| VanEck Semiconductor ETF | 0.21 | 0.28 | 0.38 | 96 | Semiconductors, Technology Equities | GRBK vs SMH | |
| Vanguard S&P 500 ETF | 0.33 | 0.44 | 0.50 | 70 | S&P 500 | GRBK vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.47 | 0.51 | 0.50 | 80 | 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.02 | 0.10 | 0.15 | 69 | Consumer Defensive | |
| Fortinet, Inc. | -0.02 | 0.10 | 0.24 | 66 | Technology | |
| Marathon Petroleum Corporation | 0.02 | 0.19 | 0.22 | 86 | Energy | |
| Teekay Tankers Ltd. | 0.03 | 0.10 | 0.12 | 82 | Energy | |
| Broadcom Inc. | 0.04 | 0.18 | 0.29 | 84 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GRBK
Add GRBK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GRBK