Looking to diversify beyond GRNI? The ETFs below have the lowest correlation with GRNI — 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 GRNI.
Best Diversifiers for GRNI
341 ETFs have low correlation with GRNI (below 0.3), 65 of which are negatively correlated. The least correlated is MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) (Leveraged Equities) with a 1Y correlation of -0.19, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.19 | -0.19 | -0.19 | 55 | Leveraged Equities | GRNI vs NRGU | |
| DoubleLine Commodity Strategy ETF | -0.19 | -0.19 | -0.19 | 52 | Commodities | GRNI vs DCMT | |
| ProShares Ultra Oil & Gas | -0.17 | -0.17 | -0.17 | 53 | Leveraged Equities | GRNI vs DIG | |
| State Street Energy Select Sector SPDR ETF | -0.17 | -0.17 | -0.17 | 59 | Energy Equities | GRNI vs XLE | |
| Direxion Daily Energy Bull 2X Shares | -0.17 | -0.17 | -0.17 | 54 | Leveraged Equities | GRNI vs ERX |
See all 2005 diversifiers for GRNI
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