Looking to diversify beyond GDXD? The ETFs below have the lowest correlation with GDXD — 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 GDXD.
Best Diversifiers for GDXD
2191 ETFs have low correlation with GDXD (below 0.3), 2143 of which are negatively correlated. The least correlated is Global X Silver Miners ETF (SIL) (Silver) with a 1Y correlation of -0.94, roughly unchanged from -0.94 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Silver Miners ETF | -0.94 | -0.94 | -0.94 | 57 | Silver, Precious Metals | GDXD vs SIL | |
| Themes Silver Miners ETF | -0.93 | — | — | 67 | Silver, Precious Metals | GDXD vs AGMI | |
| iShares MSCI Global Silver and Metals Miners ETF | -0.93 | -0.93 | -0.94 | 65 | Silver, Precious Metals | GDXD vs SLVP | |
| Amplify Junior Silver Miners ETF | -0.92 | -0.93 | -0.93 | 63 | Silver, Commodity Producers Equities, Precious Metals | GDXD vs SILJ | |
| Sarmaya Thematic ETF | -0.89 | — | — | 69 | Global Equities | GDXD vs LENS |
See all 2191 diversifiers for GDXD
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Diversification Analysis
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