Looking to balance out your exposure to GRVY? The ETFs below have the lowest correlation with GRVY — they tend to move on their own, which can help reduce risk when GRVY drops. The stock ideas table highlights individual companies that behave independently from GRVY.
Best Diversifiers for GRVY
1 ETFs have low correlation with GRVY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.30, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.30 | 0.30 | 0.37 | 70 | S&P 500 | GRVY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GRVY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GRVY and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of 0.05, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | 0.05 | 0.09 | 0.14 | 68 | Energy | |
| Ituran Location and Control Ltd. | 0.19 | 0.18 | 0.19 | 88 | Technology | |
| Principal Financial Group, Inc. | 0.19 | 0.21 | 0.28 | 81 | Financial Services | |
| Woori Financial Group Inc. | 0.23 | 0.23 | 0.24 | 74 | Financial Services |
Build a portfolio that complements GRVY
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