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
1950 ETFs have low correlation with GDXD (below 0.3), 1919 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon GLG Natural Resources ETF | -0.75 | — | — | 75 | Energy Equities | GDXD vs MGNR | |
| iShares MSCI Peru ETF | -0.72 | -0.69 | -0.63 | 76 | Mid Cap Blend Equities | GDXD vs EPU | |
| Relative Sentiment Tactical Allocation ETF | -0.72 | -0.61 | — | 69 | Tactical Allocation | GDXD vs MOOD | |
| iShares Copper and Metals Mining ETF | -0.71 | -0.66 | -0.66 | 61 | Copper | GDXD vs ICOP | |
| Cabana Target Drawdown 7 ETF | -0.70 | -0.47 | -0.38 | 64 | Tactical Allocation | GDXD vs TDSB |
See all 1950 diversifiers for GDXD
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Diversification Analysis
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