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
1444 ETFs have low correlation with GLD (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.26, down from -0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.26 | -0.13 | — | 53 | Cryptocurrency | GLD vs BITI | |
| ProShares UltraShort Yen | -0.24 | -0.27 | -0.38 | 72 | Leveraged Currency | GLD vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.23 | — | — | 70 | Derivative Income | GLD vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 65 | Inverse Equities, Leveraged Equities | GLD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.22 | -0.17 | -0.17 | 56 | Inverse Equities | GLD vs SMST |
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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 The Allstate Corporation (ALL) (Financial Services) 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 |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.14 | -0.03 | -0.02 | 81 | Financial Services | |
| Altria Group, Inc. | -0.14 | -0.02 | 0.01 | 78 | Consumer Defensive | |
| EOG Resources, Inc. | -0.10 | 0.06 | 0.12 | 63 | Energy | |
| Diamondback Energy, Inc. | -0.09 | 0.05 | 0.08 | 78 | Energy | |
| Cheniere Energy, Inc. | -0.08 | 0.05 | 0.06 | 56 | Energy |
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Build a portfolio that complements GLD
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