Looking to diversify beyond GRID? The ETFs below have the lowest correlation with GRID — 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 GRID.
Best Diversifiers for GRID
387 ETFs have low correlation with GRID (below 0.3), 76 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.06 | 0.08 | 71 | Oil & Gas | GRID vs DBE | |
| United States Oil Fund LP | -0.29 | -0.05 | 0.07 | 66 | Oil & Gas | GRID vs USO | |
| United States Brent Oil Fund LP | -0.28 | -0.05 | 0.07 | 65 | Oil & Gas | GRID vs BNO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.28 | — | — | 98 | Inflation-Protected Bonds | GRID vs RBIL | |
| United States Gasoline Fund LP | -0.27 | -0.05 | 0.06 | 69 | Oil & Gas | GRID vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GRID, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GRID and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.18, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.18 | 0.06 | 0.18 | 76 | Energy | |
| Altria Group, Inc. | -0.16 | 0.04 | 0.12 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.16 | 0.08 | 0.20 | 85 | Energy | |
| Chevron Corporation | -0.14 | 0.09 | 0.23 | 83 | Energy | |
| Duke Energy Corporation | -0.12 | 0.03 | 0.10 | 53 | Utilities |
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Build a portfolio that complements GRID
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