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
341 ETFs have low correlation with GRNJ (below 0.3), 57 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.50, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.50 | -0.50 | -0.50 | 52 | Cryptocurrency | GRNJ vs BITI | |
| Invesco DB Energy Fund | -0.29 | -0.29 | -0.29 | 57 | Oil & Gas | GRNJ vs DBE | |
| United States Gasoline Fund LP | -0.23 | -0.23 | -0.23 | 84 | Oil & Gas | GRNJ vs UGA | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.22 | -0.22 | -0.22 | 96 | Inflation-Protected Bonds | GRNJ vs IBID | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.18 | -0.18 | -0.18 | 54 | Commodities | GRNJ vs GSG |
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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 0.16, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Millicom International Cellular S.A. | 0.16 | 0.16 | 0.16 | 98 | Communication Services | |
| Snowflake Inc. | 0.22 | 0.22 | 0.22 | 60 | Technology | |
| Amazon.com, Inc | 0.36 | 0.36 | 0.36 | 56 | Consumer Cyclical | |
| FedEx Corporation | 0.36 | 0.36 | 0.36 | 98 | Industrials | |
| NVIDIA Corporation | 0.52 | 0.52 | 0.52 | 63 | Technology |
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