Looking to diversify beyond GDXU? The ETFs below have historically moved differently from GDXU, 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 GDXU
661 ETFs have low correlation with GDXU (below 0.3), 67 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, down from -0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.17 | — | 61 | Cryptocurrency | GDXU vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 52 | Inverse Equities | GDXU vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | GDXU vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 61 | Inverse Equities, Leveraged Equities | GDXU vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.29 | — | — | 75 | Derivative Income | GDXU vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GDXU, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.15, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.15 | -0.00 | 0.06 | 89 | Financial Services | |
| Altria Group, Inc. | -0.14 | 0.04 | 0.11 | 66 | Consumer Defensive | |
| ConocoPhillips Company | -0.12 | 0.01 | 0.14 | 72 | Energy | |
| Enterprise Products Partners L.P. | -0.12 | 0.08 | 0.20 | 89 | Energy | |
| Devon Energy Corporation | -0.09 | 0.07 | 0.17 | 76 | Energy |
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