Looking to diversify beyond GDXY? The ETFs below have the lowest correlation with GDXY — 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 GDXY.
Best Diversifiers for GDXY
553 ETFs have low correlation with GDXY (below 0.3), 39 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.29, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | -0.23 | -0.23 | 53 | Inverse Equities | GDXY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 60 | Inverse Equities, Leveraged Equities | GDXY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 65 | Derivative Income | GDXY vs WNTR | |
| ProShares UltraShort Yen | -0.21 | — | — | 75 | Leveraged Currency | GDXY vs YCS | |
| Return Stacked Bonds & Futures Yield ETF | -0.21 | -0.23 | -0.23 | 51 | Multistrategy | GDXY vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDXY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDXY and solid risk/return profiles. The least correlated is The Hershey Company (HSY) (Consumer Defensive) with a 1Y correlation of 0.11, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Hershey Company | 0.11 | 0.07 | 0.07 | 53 | Consumer Defensive | |
| Realty Income Corporation | 0.14 | — | — | 72 | Real Estate | |
| Trinity Capital Inc. | 0.14 | — | — | 90 | Financial Services | |
| NVIDIA Corporation | 0.21 | — | — | 69 | Technology | |
| Amprius Technologies Inc. | 0.22 | — | — | 72 | Industrials |
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Build a portfolio that complements GDXY
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