Looking to balance out your exposure to AU? The ETFs below have historically moved differently from AU, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AU
2 ETFs have low correlation with AU (below 0.3), 2 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.13, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.13 | 0.04 | 0.14 | 76 | Energy Equities | AU vs XLE | |
| Invesco DB Commodity Index Tracking Fund | -0.03 | 0.16 | 0.22 | 71 | Commodities | AU vs DBC | |
| Vanguard Information Technology ETF | 0.34 | 0.18 | 0.16 | 52 | Technology Equities | AU vs VGT | |
| VanEck Semiconductor ETF | 0.35 | 0.19 | 0.17 | 87 | Semiconductors, Technology Equities | AU vs SMH | |
| Nomura Focused Emerging Markets Equity ETF | 0.36 | — | — | 91 | Emerging Markets Equities | AU vs EMEQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AU, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.16, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.16 | 0.01 | 0.11 | 84 | Energy | |
| Phillips 66 | -0.11 | -0.01 | 0.07 | 94 | Energy | |
| Cboe Global Markets, Inc. | -0.11 | -0.01 | 0.03 | 69 | Financial Services | |
| CBL & Associates Properties, Inc. | -0.05 | 0.02 | 0.07 | 99 | ||
| Monarch Casino & Resort, Inc. | -0.04 | 0.02 | 0.07 | 69 | Consumer Cyclical |
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