Looking to balance out your exposure to GROY? The ETFs below have the lowest correlation with GROY — they tend to move on their own, which can help reduce risk when GROY drops. The stock ideas table highlights individual companies that behave independently from GROY.
Best Diversifiers for GROY
1 ETFs have low correlation with GROY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.22, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.22 | 0.19 | 0.20 | 73 | Nasdaq-100 | GROY vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GROY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GROY and solid risk/return profiles. The least correlated is Sibanye Stillwater Limited (SBSW) (Basic Materials) with a 1Y correlation of 0.58, up from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sibanye Stillwater Limited | 0.58 | 0.52 | 0.47 | 72 | Basic Materials | |
| B2Gold Corp. | 0.63 | 0.60 | 0.54 | 56 | Basic Materials | |
| Centerra Gold Inc | 0.64 | 0.58 | 0.50 | 89 | Basic Materials | |
| Wheaton Precious Metals Corp. | 0.67 | 0.65 | 0.60 | 64 | Basic Materials | |
| Agnico Eagle Mines Limited | 0.68 | 0.65 | 0.57 | 66 | Basic Materials |
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