Looking to balance out your exposure to GRMN? The ETFs below have the lowest correlation with GRMN — they tend to move on their own, which can help reduce risk when GRMN drops. The stock ideas table highlights individual companies that behave independently from GRMN.
Best Diversifiers for GRMN
1 ETFs have low correlation with GRMN (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.05, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.05 | -0.04 | 0.01 | 100 | Ultrashort Bond | GRMN vs SGOV | |
| iShares Core MSCI Emerging Markets ETF | 0.42 | 0.40 | 0.46 | 79 | Emerging Markets Diversified | GRMN vs IEMG | |
| Vanguard FTSE Developed Markets ETF | 0.48 | 0.50 | 0.57 | 59 | Foreign Large Cap Equities | GRMN vs VEA | |
| Invesco QQQ ETF | 0.49 | 0.50 | 0.60 | 73 | Nasdaq-100 | GRMN vs QQQ | |
| Vanguard S&P 500 ETF | 0.57 | 0.59 | 0.67 | 70 | S&P 500 | GRMN vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GRMN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GRMN and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | 0.06 | 0.14 | 69 | Consumer Defensive | |
| Cboe Global Markets, Inc. | -0.11 | -0.06 | 0.12 | 68 | Financial Services | |
| CF Industries Holdings, Inc. | -0.09 | 0.07 | 0.11 | 60 | Basic Materials | |
| Suncor Energy Inc. | -0.06 | 0.07 | 0.15 | 95 | Energy | |
| Chubb Limited | 0.01 | 0.16 | 0.26 | 51 | Financial Services |
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