Looking to balance out your exposure to GRMN? The ETFs below have historically moved differently from GRMN, 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 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.
How candidates are selected| 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 | 0.34 | 0.38 | 0.44 | 62 | Emerging Markets Equities | GRMN vs IEMG | |
| Invesco QQQ ETF | 0.39 | 0.48 | 0.58 | 58 | Nasdaq-100 | GRMN vs QQQ | |
| Vanguard Information Technology ETF | 0.40 | 0.47 | 0.58 | 60 | Technology Equities | GRMN vs VGT | |
| Vanguard FTSE Developed Markets ETF | 0.42 | 0.49 | 0.55 | 76 | Foreign Large Cap Equities | GRMN vs VEA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GRMN, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.04 | 0.12 | 66 | Consumer Defensive | |
| Consolidated Edison, Inc. | -0.11 | 0.04 | 0.14 | 56 | Utilities | |
| Cboe Global Markets, Inc. | -0.07 | -0.05 | 0.12 | 62 | Financial Services | |
| CF Industries Holdings, Inc. | -0.05 | 0.06 | 0.09 | 68 | Basic Materials | |
| Philip Morris International Inc. | -0.04 | 0.09 | 0.17 | 64 | Consumer Defensive |
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