Looking to diversify beyond GREK? The ETFs below have the lowest correlation with GREK — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from GREK.
Best Diversifiers for GREK
504 ETFs have low correlation with GREK (below 0.3), 87 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.39, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.39 | -0.41 | -0.46 | 51 | Currency | GREK vs UUP | |
| Invesco DB Energy Fund | -0.33 | -0.11 | 0.03 | 53 | Oil & Gas | GREK vs DBE | |
| ProShares Short Bitcoin ETF | -0.30 | -0.27 | -0.29 | 57 | Cryptocurrency | GREK vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.30 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GREK vs SBIT | |
| United States Gasoline Fund LP | -0.29 | -0.10 | 0.02 | 78 | Oil & Gas | GREK vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GREK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GREK and solid risk/return profiles. The least correlated is Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of -0.05, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | -0.05 | 0.10 | 0.17 | 83 | Consumer Defensive | |
| AbbVie Inc. | 0.02 | 0.09 | 0.14 | 79 | Healthcare | |
| Rhythm Pharmaceuticals, Inc. | 0.10 | 0.17 | 0.16 | 60 | Healthcare | |
| Eton Pharmaceuticals Inc | 0.11 | 0.09 | 0.14 | 91 | Healthcare | |
| uniQure N.V. | 0.11 | 0.16 | 0.23 | 83 | Healthcare |
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Build a portfolio that complements GREK
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