Looking to diversify beyond BGLD? The ETFs below have historically moved differently from BGLD, 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 BGLD
1744 ETFs have low correlation with BGLD (below 0.3), 53 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, roughly unchanged from -0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.24 | -0.34 | 56 | Leveraged Currency | BGLD vs YCS | |
| Invesco DB Energy Fund | -0.18 | 0.03 | 0.08 | 54 | Oil & Gas | BGLD vs DBE | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.18 | — | — | 58 | Derivative Income | BGLD vs WNTR | |
| United States Gasoline Fund, LP | -0.16 | 0.01 | 0.07 | 72 | Oil & Gas | BGLD vs UGA | |
| Global X MLP ETF | -0.15 | 0.04 | 0.09 | 54 | MLPs | BGLD vs MLPA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BGLD, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.11, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.11 | 0.05 | 0.07 | 63 | Technology | |
| Gildan Activewear Inc. | 0.19 | 0.14 | 0.13 | 52 | Consumer Cyclical |
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