Looking to balance out your exposure to GTBIF? The ETFs below have the lowest correlation with GTBIF — they tend to move on their own, which can help reduce risk when GTBIF drops. The stock ideas table highlights individual companies that behave independently from GTBIF.
No Diversifiers Found for GTBIF
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GTBIF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GTBIF and solid risk/return profiles. The least correlated is Innovative Industrial Properties, Inc. (IIPR) (Real Estate) with a 1Y correlation of 0.32, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innovative Industrial Properties, Inc. | 0.32 | 0.24 | 0.28 | 60 | Real Estate | |
| Curaleaf Holdings, Inc. | 0.79 | 0.74 | 0.72 | 89 | Healthcare | |
| Trulieve Cannabis Corp | 0.86 | 0.79 | 0.75 | 79 | Healthcare |
Build a portfolio that complements GTBIF
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Analyze a portfolio with GTBIF