Looking to diversify beyond GDXJ? The ETFs below have the lowest correlation with GDXJ — 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 GDXJ.
Best Diversifiers for GDXJ
963 ETFs have low correlation with GDXJ (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.25 | -0.31 | 61 | Leveraged Currency | GDXJ vs YCS | |
| Invesco DB Energy Fund | -0.18 | 0.02 | 0.12 | 71 | Oil & Gas | GDXJ vs DBE | |
| United States Brent Oil Fund LP | -0.17 | 0.04 | 0.13 | 65 | Oil & Gas | GDXJ vs BNO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | — | — | 98 | Inflation-Protected Bonds | GDXJ vs RBIL | |
| United States Oil Fund LP | -0.16 | 0.04 | 0.13 | 66 | Oil & Gas | GDXJ vs USO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDXJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDXJ and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.09, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.09 | 0.06 | 0.19 | 85 | Energy | |
| Chevron Corporation | -0.08 | 0.08 | 0.21 | 83 | Energy | |
| ConocoPhillips Company | -0.08 | 0.05 | 0.17 | 76 | Energy | |
| Energy Transfer LP | -0.07 | 0.13 | 0.21 | 69 | Energy | |
| Enterprise Products Partners L.P. | -0.06 | 0.12 | 0.23 | 85 | Energy |
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Build a portfolio that complements GDXJ
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