Looking to diversify beyond GRNJ? The ETFs below have the lowest correlation with GRNJ — 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 GRNJ.
Best Diversifiers for GRNJ
232 ETFs have low correlation with GRNJ (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.23 | -0.23 | 63 | Leveraged Currency | GRNJ vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.17 | -0.17 | 100 | Government Bonds, Ultrashort Bond | GRNJ vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.12 | -0.12 | -0.12 | 100 | Government Bonds, Ultrashort Bond | GRNJ vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.12 | -0.12 | 100 | Ultrashort Bond | GRNJ vs SGOV | |
| Brookstone Ultra-Short Bond ETF | -0.11 | -0.11 | -0.11 | 98 | Ultrashort Bond | GRNJ vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GRNJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GRNJ and solid risk/return profiles. The least correlated is Millicom International Cellular S.A. (TIGO) (Communication Services) 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 | Sector |
|---|---|---|---|---|---|---|
| Millicom International Cellular S.A. | 0.19 | 0.19 | 0.19 | 98 | Communication Services | |
| FedEx Corporation | 0.39 | 0.39 | 0.39 | 97 | Industrials | |
| Amazon.com, Inc | 0.46 | 0.46 | 0.46 | 54 | Consumer Cyclical | |
| NVIDIA Corporation | 0.52 | 0.52 | 0.52 | 72 | Technology | |
| Broadcom Inc. | 0.56 | 0.56 | 0.56 | 72 | Technology |
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