Looking to balance out your exposure to GRRR? The ETFs below have the lowest correlation with GRRR — they tend to move on their own, which can help reduce risk when GRRR drops. The stock ideas table highlights individual companies that behave independently from GRRR.
Best Diversifiers for GRRR
0 ETFs have low correlation with GRRR (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust RBA American Industrial Renaissance ETF (AIRR) (Building & Construction) with a 1Y correlation of 0.35, up from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust RBA American Industrial Renaissance ET... | 0.35 | 0.24 | — | 83 | Building & Construction | GRRR vs AIRR | |
| VanEck Semiconductor ETF | 0.35 | 0.22 | — | 96 | Semiconductors, Technology Equities | GRRR vs SMH | |
| Invesco S&P 500 Momentum ETF | 0.39 | 0.24 | 0.19 | 75 | Momentum, S&P 500 | GRRR vs SPMO | |
| Vanguard S&P 500 ETF | 0.41 | 0.24 | — | 74 | S&P 500 | GRRR vs VOO | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.25 | — | 74 | S&P 500 | GRRR vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GRRR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GRRR and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.04, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.04 | 0.06 | 0.06 | 75 | Healthcare | |
| BW LPG Limited | 0.08 | 0.05 | — | 90 | Industrials | |
| Alphabet Inc. Class A | 0.21 | 0.16 | 0.09 | 96 | Communication Services | |
| 21Vianet Group, Inc. | 0.22 | 0.18 | — | 68 | Technology | |
| Broadcom Inc. | 0.23 | 0.17 | — | 76 | Technology |
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Build a portfolio that complements GRRR
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Analyze a portfolio with GRRR