Looking to diversify beyond GDT? The ETFs below have historically moved differently from GDT, 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 GDT
519 ETFs have low correlation with GDT (below 0.3), 29 of which are negatively correlated. The least correlated is F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) (Inflation-Protected Bonds) with a 1Y correlation of -0.15, roughly unchanged from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | -0.15 | -0.15 | 97 | Inflation-Protected Bonds | GDT vs RBIL | |
| United States Gasoline Fund, LP | -0.11 | -0.11 | -0.11 | 72 | Oil & Gas | GDT vs UGA | |
| Westwood Salient Enhanced Midstream Income ETF | -0.10 | -0.10 | -0.10 | 61 | Energy Equities | GDT vs MDST | |
| State Street Energy Select Sector SPDR Premium Inc... | -0.09 | -0.09 | -0.09 | 82 | Energy Equities, Derivative Income, Options Trading, Actively Managed | GDT vs XLEI | |
| ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP In... | -0.09 | -0.09 | -0.09 | 59 | Leveraged Equities, MLPs | GDT vs MLPR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GDT, 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 0.99, roughly unchanged from 0.99 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.99 | 0.99 | 0.99 | 64 | Financial Services |
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