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
1757 ETFs have low correlation with BGLD (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.25, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.25 | -0.24 | -0.34 | 63 | Leveraged Currency | BGLD vs YCS | |
| United States Gasoline Fund LP | -0.19 | 0.01 | 0.07 | 55 | Oil & Gas | BGLD vs UGA | |
| First Trust Merger Arbitrage ETF | -0.18 | 0.00 | 0.01 | 59 | Long-Short | BGLD vs MARB | |
| Global X MLP & Energy Infrastructure ETF | -0.11 | 0.10 | 0.13 | 55 | MLPs | BGLD vs MLPX | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.11 | — | — | 97 | Inflation-Protected Bonds | BGLD vs RBIL |
To view more results, upgrade your current subscription plan.
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 0.08, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.08 | 0.07 | 0.07 | 72 | Technology | |
| Gildan Activewear Inc. | 0.20 | 0.16 | 0.14 | 53 | Consumer Cyclical | |
| Rogers Communications Inc. | 0.21 | 0.19 | 0.19 | 77 | Communication Services |
Build a portfolio that complements BGLD
Add BGLD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BGLD