Looking to diversify beyond GRNY? The ETFs below have the lowest correlation with GRNY — 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 GRNY.
Best Diversifiers for GRNY
418 ETFs have low correlation with GRNY (below 0.3), 71 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.58 | — | — | 65 | Inverse Equities, Leveraged Equities | GRNY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.58 | — | — | 56 | Inverse Equities | GRNY vs SMST | |
| ProShares Short Bitcoin ETF | -0.55 | -0.50 | -0.50 | 53 | Cryptocurrency | GRNY vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.54 | — | — | 70 | Derivative Income | GRNY vs WNTR | |
| Invesco DB Energy Fund | -0.21 | -0.09 | -0.09 | 57 | Oil & Gas | GRNY vs DBE |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GRNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GRNY and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.30, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.30 | -0.20 | -0.20 | 82 | Consumer Defensive | |
| Altria Group, Inc. | -0.29 | -0.22 | -0.22 | 78 | Consumer Defensive | |
| Verizon Communications Inc. | -0.27 | -0.22 | -0.22 | 57 | Communication Services | |
| Chubb Limited | -0.26 | -0.13 | -0.13 | 83 | Financial Services | |
| Colgate-Palmolive Company | -0.22 | -0.16 | -0.16 | 50 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GRNY
Add GRNY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GRNY