Looking to diversify beyond GBLD? The ETFs below have the lowest correlation with GBLD — 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 GBLD.
Best Diversifiers for GBLD
918 ETFs have low correlation with GBLD (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, down from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.35 | -0.28 | 61 | Leveraged Currency | GBLD vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.14 | 0.05 | 0.05 | 100 | Ultrashort Bond | GBLD vs CSHP | |
| iShares Diversified Commodity Swap UCITS ETF | -0.14 | -0.01 | -0.01 | 83 | Commodities | GBLD vs ISCMF | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -0.13 | -0.01 | -0.01 | 64 | Commodities | GBLD vs USOI | |
| Defiance Oil Enhanced Options Income ETF | -0.12 | -0.02 | -0.02 | 56 | Derivative Income | GBLD vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GBLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GBLD and solid risk/return profiles. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.22, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.22 | 0.39 | 0.49 | 79 | Real Estate |
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