Looking to diversify beyond GLDB? The ETFs below have historically moved differently from GLDB, 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 GLDB
563 ETFs have low correlation with GLDB (below 0.3), 35 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.60, roughly unchanged from -0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.60 | -0.60 | -0.60 | 75 | Derivative Income | GLDB vs WNTR | |
| Invesco DB Energy Fund | -0.17 | -0.17 | -0.17 | 72 | Oil & Gas | GLDB vs DBE | |
| ProShares UltraShort Yen | -0.16 | -0.16 | -0.16 | 56 | Leveraged Currency | GLDB vs YCS | |
| United States Brent Oil Fund LP | -0.13 | -0.13 | -0.13 | 52 | Oil & Gas | GLDB vs BNO | |
| Alpha Architect Tail Risk ETF | -0.12 | -0.12 | -0.12 | 56 | Options Trading | GLDB vs CAOS |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GLDB
Add GLDB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GLDB