Looking to diversify beyond GDLC? The ETFs below have historically moved differently from GDLC, 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 GDLC
724 ETFs have low correlation with GDLC (below 0.3), 53 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.98 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | GDLC vs SBIT | |
| ProShares Short Bitcoin ETF | -0.98 | -0.89 | — | 61 | Cryptocurrency | GDLC vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.84 | — | — | 61 | Inverse Equities, Leveraged Equities | GDLC vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.83 | — | — | 52 | Inverse Equities | GDLC vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.79 | — | — | 75 | Derivative Income | GDLC vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GDLC, 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 Sprott Physical Gold Trust (PHYS) (Financial Services) with a 1Y correlation of 0.28, up from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.28 | 0.16 | 0.15 | 64 | Financial Services |
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