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
1488 ETFs have low correlation with GLD (below 0.3), 27 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 | 73 | Leveraged Currency | GLD vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.22 | — | — | 51 | Derivative Income | GLD vs WNTR | |
| TCW AAA CLO ETF | -0.14 | — | — | 99 | CLO | GLD vs ACLO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.11 | — | — | 97 | Inflation-Protected Bonds | GLD vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | — | — | 99 | Ultrashort Bond | GLD vs CSHP |
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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 -0.14, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | -0.02 | 0.02 | 74 | Consumer Defensive | |
| The Allstate Corporation | -0.12 | -0.02 | -0.01 | 70 | Financial Services | |
| YPF Sociedad Anónima | -0.09 | 0.05 | 0.08 | 64 | Energy | |
| EOG Resources, Inc. | -0.08 | 0.07 | 0.12 | 58 | Energy | |
| Chubb Limited | -0.07 | -0.02 | -0.01 | 72 | Financial Services |
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Build a portfolio that complements GLD
Add GLD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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