Looking to diversify beyond GDXW? The ETFs below have the lowest correlation with GDXW — 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 GDXW.
Best Diversifiers for GDXW
375 ETFs have low correlation with GDXW (below 0.3), 18 of which are negatively correlated. The least correlated is Fidelity MSCI Energy Index ETF (FENY) (Energy Equities) with a 1Y correlation of -0.07, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Energy Index ETF | -0.07 | -0.07 | -0.07 | 60 | Energy Equities | GDXW vs FENY | |
| Vanguard Energy ETF | -0.06 | -0.06 | -0.06 | 60 | Energy Equities | GDXW vs VDE | |
| iShares U.S. Energy ETF | -0.06 | -0.06 | -0.06 | 60 | Energy Equities | GDXW vs IYE | |
| Westwood Salient Enhanced Energy Income ETF | -0.05 | -0.05 | -0.05 | 62 | Energy Equities | GDXW vs WEEI | |
| iShares Diversified Commodity Swap UCITS ETF | -0.05 | -0.05 | -0.05 | 54 | Commodities | GDXW vs ISCMF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDXW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDXW and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.13, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.13 | 0.13 | 0.13 | 78 | Real Estate |
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