Looking to balance out your exposure to GRPN? The ETFs below have the lowest correlation with GRPN — they tend to move on their own, which can help reduce risk when GRPN drops. The stock ideas table highlights individual companies that behave independently from GRPN.
Best Diversifiers for GRPN
1 ETFs have low correlation with GRPN (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.28, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.28 | 0.28 | 0.37 | 73 | Nasdaq-100 | GRPN vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GRPN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GRPN and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.03, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.03 | 0.16 | 0.26 | 84 | Technology | |
| Alphabet Inc. Class A | 0.12 | 0.14 | 0.26 | 96 | Communication Services |
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