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
416 ETFs have low correlation with GRID (below 0.3), 66 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.37 | -0.39 | 53 | Cryptocurrency | GRID vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 65 | Inverse Equities, Leveraged Equities | GRID vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | GRID vs WNTR | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | -0.39 | -0.39 | 56 | Inverse Equities | GRID vs SMST | |
| Invesco DB Energy Fund | -0.23 | -0.05 | 0.08 | 57 | Oil & Gas | GRID vs DBE |
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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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.24, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.24 | 0.01 | 0.21 | 83 | Financial Services | |
| Altria Group, Inc. | -0.23 | -0.04 | 0.09 | 78 | Consumer Defensive | |
| The Coca-Cola Company | -0.20 | -0.01 | 0.16 | 82 | Consumer Defensive | |
| Duke Energy Corporation | -0.19 | -0.00 | 0.10 | 65 | Utilities | |
| Occidental Petroleum Corporation | -0.18 | 0.07 | 0.21 | 64 | Energy |
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Build a portfolio that complements GRID
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Analyze a portfolio with GRID