Looking to diversify beyond GLD? The ETFs below have historically moved differently from GLD, 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 GLD
1362 ETFs have low correlation with GLD (below 0.3), 54 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.29, down from -0.14 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.29 | -0.14 | — | 51 | Cryptocurrency | GLD vs BITI | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.27 | -0.18 | — | 51 | Nontraditional Bonds | GLD vs RISR | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.25 | — | — | 69 | Derivative Income | GLD vs WNTR | |
| ProShares UltraShort Yen | -0.22 | -0.28 | -0.38 | 59 | Leveraged Currency | GLD vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.13 | — | — | 97 | Inflation-Protected Bonds | GLD vs RBIL |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GLD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | -0.04 | -0.00 | 66 | Consumer Defensive | |
| The Allstate Corporation | -0.19 | -0.04 | -0.02 | 83 | Financial Services | |
| Chubb Limited | -0.15 | -0.04 | -0.02 | 87 | Financial Services | |
| EOG Resources, Inc. | -0.12 | 0.04 | 0.11 | 73 | Energy | |
| Enterprise Products Partners L.P. | -0.12 | 0.04 | 0.10 | 89 | Energy |
To view more results, upgrade your current subscription plan.
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.
Analyze a portfolio with GLD