Looking to diversify beyond GLDI? The ETFs below have historically moved differently from GLDI, 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 GLDI
1207 ETFs have low correlation with GLDI (below 0.3), 67 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.27, 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 | -0.27 | -0.14 | — | 61 | Cryptocurrency | GLDI vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | — | — | 52 | Inverse Equities | GLDI vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | GLDI vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | -0.20 | -0.20 | 61 | Inverse Equities, Leveraged Equities | GLDI vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.25 | -0.18 | -0.18 | 75 | Derivative Income | GLDI vs WNTR |
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 GLDI, 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 MPLX LP (MPLX) (Energy) with a 1Y correlation of -0.03, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MPLX LP | -0.03 | 0.08 | 0.12 | 79 | Energy | |
| Oxford Lane Capital Corp. | -0.02 | 0.03 | 0.06 | 97 | Financial Services | |
| Frontline Ltd. | 0.08 | 0.09 | 0.09 | 96 | Industrials | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.10 | -0.00 | 0.02 | 86 | Financial Services | |
| Agree Realty Corporation | 0.11 | 0.16 | 0.16 | 68 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GLDI
Add GLDI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GLDI