Looking to diversify beyond GDXJ? The ETFs below have historically moved differently from GDXJ, 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 GDXJ
643 ETFs have low correlation with GDXJ (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, down from -0.19 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.19 | — | 51 | Cryptocurrency | GDXJ vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.32 | -0.24 | -0.24 | 69 | Derivative Income | GDXJ vs WNTR | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.26 | -0.18 | -0.18 | 51 | Nontraditional Bonds | GDXJ vs RISR | |
| Invesco DB Energy Fund | -0.21 | -0.00 | 0.11 | 66 | Oil & Gas | GDXJ vs DBE | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | — | — | 97 | Inflation-Protected Bonds | GDXJ vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GDXJ, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | -0.00 | 0.08 | 66 | Consumer Defensive | |
| Chubb Limited | -0.16 | -0.00 | 0.06 | 87 | Financial Services | |
| Enterprise Products Partners L.P. | -0.15 | 0.06 | 0.20 | 89 | Energy | |
| ConocoPhillips Company | -0.13 | 0.02 | 0.16 | 73 | Energy | |
| Devon Energy Corporation | -0.12 | 0.06 | 0.17 | 78 | Energy |
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