Looking to diversify beyond GLD? The ETFs below have the lowest correlation with GLD — 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 GLD.
Best Diversifiers for GLD
1745 ETFs have low correlation with GLD (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, up from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.28 | -0.38 | 61 | Leveraged Currency | GLD vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.12 | — | — | 98 | Inflation-Protected Bonds | GLD vs RBIL | |
| TCW AAA CLO ETF | -0.11 | — | — | 99 | CLO | GLD vs ACLO | |
| First Trust Merger Arbitrage ETF | -0.09 | 0.02 | 0.02 | 52 | Long-Short | GLD vs MARB | |
| Roundhill Weekly T-Bill ETF | -0.08 | — | — | 99 | Ultrashort Bond | GLD vs WEEK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLD and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | -0.01 | 0.04 | 69 | Consumer Defensive | |
| YPF Sociedad Anónima | -0.10 | 0.06 | 0.09 | 71 | Energy | |
| Datadog, Inc. | -0.06 | 0.02 | 0.05 | 81 | Technology | |
| Palo Alto Networks, Inc. | -0.05 | 0.02 | 0.02 | 67 | Technology | |
| Virtu Financial, Inc. | -0.05 | 0.05 | 0.07 | 64 | Financial Services |
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Build a portfolio that complements GLD
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