Looking to diversify beyond GRPM? The ETFs below have the lowest correlation with GRPM — 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 GRPM.
Best Diversifiers for GRPM
387 ETFs have low correlation with GRPM (below 0.3), 41 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.39, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.38 | -0.38 | 60 | Inverse Equities, Leveraged Equities | GRPM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | -0.38 | -0.38 | 53 | Inverse Equities | GRPM vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | -0.39 | -0.39 | 65 | Derivative Income | GRPM vs WNTR | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.04 | -0.02 | 100 | Government Bonds, Ultrashort Bond | GRPM vs USFR | |
| Return Stacked Bonds & Futures Yield ETF | -0.14 | — | — | 51 | Multistrategy | GRPM vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GRPM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GRPM and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.32, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.32 | 0.39 | 0.50 | 55 | Consumer Cyclical | |
| Apple Inc | 0.33 | 0.35 | 0.48 | 90 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.33 | 0.41 | 0.49 | 93 | Technology |
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