Looking to balance out your exposure to GRDX? The ETFs below have the lowest correlation with GRDX — they tend to move on their own, which can help reduce risk when GRDX drops. The stock ideas table highlights individual companies that behave independently from GRDX.
No Diversifiers Found for GRDX
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GRDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GRDX and solid risk/return profiles. The least correlated is Baytex Energy Corp (BTE) (Energy) with a 1Y correlation of -0.04, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Baytex Energy Corp | -0.04 | -0.02 | 0.02 | 93 | Energy | |
| AxoGen, Inc. | -0.03 | 0.06 | 0.11 | 98 | Healthcare | |
| Humana Inc. | 0.02 | 0.03 | 0.02 | 78 | Healthcare | |
| Navigator Holdings Ltd. | 0.02 | 0.00 | 0.03 | 78 | Energy | |
| Okeanis Eco Tankers Corp | 0.06 | — | — | 97 | Industrials |
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