Looking to balance out your exposure to AU? The ETFs below have the lowest correlation with AU — they tend to move on their own, which can help reduce risk when AU drops. The stock ideas table highlights individual companies that behave independently from AU.
Best Diversifiers for AU
1 ETFs have low correlation with AU (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Japan Hedged Equity Fund (DXJ) (Japan Equities) with a 1Y correlation of 0.28, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Japan Hedged Equity Fund | 0.28 | 0.13 | 0.09 | 90 | Japan Equities | AU vs DXJ | |
| VanEck Semiconductor ETF | 0.30 | 0.18 | 0.17 | 94 | Semiconductors, Technology Equities | AU vs SMH | |
| Vanguard Information Technology ETF | 0.31 | 0.19 | 0.16 | 58 | Technology Equities | AU vs VGT | |
| iShares MSCI Japan Value ETF | 0.34 | 0.25 | 0.24 | 56 | Japan Equities, Large Cap Value Equities | AU vs EWJV | |
| Nomura Focused Emerging Markets Equity ETF | 0.35 | 0.29 | 0.29 | 94 | Emerging Markets Diversified | AU vs EMEQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AU and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.16, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.16 | 0.01 | 0.11 | 72 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.15 | 0.06 | 0.13 | 63 | Energy | |
| Phillips 66 | -0.11 | -0.01 | 0.08 | 81 | Energy | |
| Cboe Global Markets, Inc. | -0.08 | -0.00 | 0.04 | 55 | Financial Services | |
| Monarch Casino & Resort, Inc. | -0.06 | 0.03 | 0.08 | 85 | Consumer Cyclical |
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Build a portfolio that complements AU
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