Looking to diversify beyond BGLD? The ETFs below have the lowest correlation with BGLD — 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 BGLD.
Best Diversifiers for BGLD
2027 ETFs have low correlation with BGLD (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.26, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.26 | -0.24 | -0.34 | 61 | Leveraged Currency | BGLD vs YCS | |
| Defiance Oil Enhanced Options Income ETF | -0.20 | — | — | 56 | Derivative Income | BGLD vs USOY | |
| United States Brent Oil Fund LP | -0.19 | 0.05 | 0.09 | 65 | Oil & Gas | BGLD vs BNO | |
| First Trust Merger Arbitrage ETF | -0.18 | 0.00 | 0.02 | 52 | Long-Short | BGLD vs MARB | |
| United States Gasoline Fund LP | -0.17 | 0.02 | 0.07 | 69 | Oil & Gas | BGLD vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BGLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BGLD and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.01, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.01 | 0.05 | 0.06 | 78 | Technology | |
| The Hershey Company | 0.11 | 0.07 | 0.07 | 55 | Consumer Defensive | |
| Gildan Activewear Inc. | 0.17 | 0.15 | 0.14 | 64 | Consumer Cyclical | |
| Rogers Communications Inc. | 0.20 | 0.18 | 0.19 | 83 | Communication Services |
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