Looking to diversify beyond GRNB? The ETFs below have the lowest correlation with GRNB — 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 GRNB.
Best Diversifiers for GRNB
366 ETFs have low correlation with GRNB (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.40 | -0.45 | 61 | Leveraged Currency | GRNB vs YCS | |
| VanEck Commodity Strategy ETF | -0.30 | -0.09 | — | 55 | Commodities | GRNB vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.28 | -0.11 | -0.09 | 70 | Commodities | GRNB vs FAAR | |
| Fidelity Managed Futures ETF | -0.27 | — | — | 64 | Systematic Trend | GRNB vs FFUT | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.24 | -0.05 | -0.02 | 53 | Commodities | GRNB vs FTGC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GRNB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GRNB and solid risk/return profiles. The least correlated is Sprott Physical Gold Trust (PHYS) (Financial Services) with a 1Y correlation of 0.25, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.25 | 0.23 | 0.31 | 63 | Financial Services | |
| STAG Industrial, Inc. | 0.29 | 0.31 | 0.31 | 58 | Real Estate |
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