Looking to diversify beyond GRPM? The ETFs below have historically moved differently from GRPM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GRPM
427 ETFs have low correlation with GRPM (below 0.3), 56 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 61 | Inverse Equities, Leveraged Equities | GRPM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 52 | Inverse Equities | GRPM vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | — | — | 75 | Derivative Income | GRPM vs WNTR | |
| ProShares Short Bitcoin ETF | -0.35 | -0.31 | — | 61 | Cryptocurrency | GRPM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | GRPM vs SBIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GRPM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.21, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.21 | 0.38 | 0.52 | 61 | Financial Services | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.30 | 0.40 | 0.47 | 87 | Technology | |
| Amazon.com, Inc | 0.32 | 0.38 | 0.49 | 60 | Consumer Cyclical | |
| Apple Inc | 0.37 | 0.35 | 0.49 | 89 | Technology |
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