Looking to diversify beyond GDXY? The ETFs below have historically moved differently from GDXY, 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 GDXY
685 ETFs have low correlation with GDXY (below 0.3), 77 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 52 | Inverse Equities | GDXY vs SMST | |
| ProShares Short Bitcoin ETF | -0.31 | — | — | 61 | Cryptocurrency | GDXY vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 61 | Inverse Equities, Leveraged Equities | GDXY vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.30 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | GDXY vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.29 | — | — | 75 | Derivative Income | GDXY 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 GDXY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.11 | — | — | 77 | Real Estate | |
| Trinity Capital Inc. | 0.13 | 0.10 | 0.10 | 84 | Financial Services | |
| Gildan Activewear Inc. | 0.26 | 0.19 | 0.19 | 54 | Consumer Cyclical | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.26 | 0.27 | 0.27 | 57 | Technology | |
| NVIDIA Corporation | 0.27 | 0.18 | 0.18 | 56 | Technology |
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