Looking to diversify beyond GDXU? The ETFs below have the lowest correlation with GDXU — 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 GDXU.
Best Diversifiers for GDXU
553 ETFs have low correlation with GDXU (below 0.3), 34 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.28, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | -0.19 | -0.19 | 60 | Inverse Equities, Leveraged Equities | GDXU vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | -0.21 | -0.21 | 53 | Inverse Equities | GDXU vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 65 | Derivative Income | GDXU vs WNTR | |
| ProShares UltraShort Yen | -0.22 | -0.26 | -0.33 | 75 | Leveraged Currency | GDXU vs YCS | |
| United States Gasoline Fund LP | -0.20 | -0.00 | 0.09 | 72 | Oil & Gas | GDXU vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDXU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDXU and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.10, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.10 | 0.04 | 0.16 | 63 | Energy | |
| Chubb Limited | -0.07 | 0.00 | 0.08 | 83 | Financial Services | |
| Exxon Mobil Corporation | -0.07 | 0.07 | 0.18 | 71 | Energy | |
| Devon Energy Corporation | -0.07 | 0.09 | 0.18 | 69 | Energy | |
| Enterprise Products Partners L.P. | -0.07 | 0.10 | 0.22 | 83 | Energy |
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Build a portfolio that complements GDXU
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