Looking to diversify beyond GUNR? The ETFs below have the lowest correlation with GUNR — 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 GUNR.
Best Diversifiers for GUNR
669 ETFs have low correlation with GUNR (below 0.3), 36 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.17, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.17 | -0.19 | -0.14 | 61 | Leveraged Currency | GUNR vs YCS | |
| Roundhill Weekly T-Bill ETF | -0.12 | — | — | 99 | Ultrashort Bond | GUNR vs WEEK | |
| Obra Opportunistic Structured Products ETF | -0.10 | — | — | 72 | Multisector Bonds | GUNR vs OOSP | |
| TCW AAA CLO ETF | -0.09 | — | — | 99 | CLO | GUNR vs ACLO | |
| Vanguard Ultra-Short Treasury ETF | -0.08 | — | — | 99 | Ultrashort Bond, Government Bonds | GUNR vs VGUS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GUNR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GUNR and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of 0.03, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | 0.03 | 0.14 | 0.30 | 68 | Financial Services | |
| Eli Lilly and Company | 0.05 | 0.07 | 0.11 | 75 | Healthcare | |
| Virtu Financial, Inc. | 0.06 | 0.19 | 0.23 | 77 | Financial Services | |
| Altria Group, Inc. | 0.09 | 0.19 | 0.27 | 70 | Consumer Defensive | |
| Amazon.com, Inc | 0.10 | 0.18 | 0.25 | 52 | Consumer Cyclical |
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