Looking to diversify beyond GREK? The ETFs below have historically moved differently from GREK, 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 GREK
613 ETFs have low correlation with GREK (below 0.3), 109 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.36, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.36 | -0.13 | 0.01 | 55 | Oil & Gas | GREK vs USO | |
| Invesco DB Energy Fund | -0.35 | -0.12 | 0.02 | 72 | Oil & Gas | GREK vs DBE | |
| United States Brent Oil Fund LP | -0.35 | -0.12 | 0.01 | 52 | Oil & Gas | GREK vs BNO | |
| ProShares Short Bitcoin ETF | -0.33 | -0.28 | — | 61 | Cryptocurrency | GREK vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | GREK vs SBIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GREK, 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 HF Sinclair Corp (DINO) (Energy) with a 1Y correlation of -0.06, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HF Sinclair Corp | -0.06 | 0.05 | 0.15 | 96 | Energy | |
| AbbVie Inc. | -0.03 | 0.07 | 0.13 | 81 | Healthcare | |
| Coca-Cola Consolidated, Inc. | -0.02 | 0.13 | 0.18 | 87 | Consumer Defensive | |
| uniQure N.V. | 0.09 | 0.17 | 0.22 | 84 | Healthcare | |
| Eton Pharmaceuticals Inc | 0.10 | 0.08 | 0.14 | 97 | Healthcare |
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