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
545 ETFs have low correlation with GDXJ (below 0.3), 26 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.22, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.22 | -0.25 | -0.31 | 63 | Leveraged Currency | GDXJ vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | -0.15 | -0.15 | 97 | Inflation-Protected Bonds | GDXJ vs RBIL | |
| United States Gasoline Fund LP | -0.17 | 0.01 | 0.10 | 55 | Oil & Gas | GDXJ vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | — | — | 98 | Inflation-Protected Bonds | GDXJ vs IBIC | |
| TCW AAA CLO ETF | -0.13 | — | — | 99 | CLO | GDXJ vs ACLO |
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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 Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.09, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.09 | 0.10 | 0.22 | 85 | Energy | |
| ConocoPhillips Company | -0.09 | 0.05 | 0.17 | 65 | Energy | |
| Exxon Mobil Corporation | -0.08 | 0.07 | 0.19 | 72 | Energy | |
| Chevron Corporation | -0.08 | 0.07 | 0.20 | 70 | Energy | |
| Altria Group, Inc. | -0.07 | 0.04 | 0.11 | 72 | Consumer Defensive |
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Build a portfolio that complements GDXJ
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