Looking to diversify beyond GLDI? The ETFs below have the lowest correlation with GLDI — 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 GLDI.
Best Diversifiers for GLDI
1828 ETFs have low correlation with GLDI (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, up from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.25 | -0.35 | 61 | Leveraged Currency | GLDI vs YCS | |
| TCW AAA CLO ETF | -0.12 | — | — | 99 | CLO | GLDI vs ACLO | |
| First Trust Merger Arbitrage ETF | -0.11 | 0.01 | 0.02 | 52 | Long-Short | GLDI vs MARB | |
| Invesco DB Energy Fund | -0.10 | 0.05 | 0.10 | 71 | Oil & Gas | GLDI vs DBE | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | — | — | 100 | Ultrashort Bond | GLDI vs CSHP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLDI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLDI and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of -0.02, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | -0.02 | 0.03 | 0.06 | 95 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.00 | -0.02 | 0.01 | 88 | Financial Services | |
| SoFi Technologies, Inc. | 0.09 | 0.11 | 0.10 | 51 | Financial Services | |
| Frontline Ltd. | 0.13 | 0.10 | 0.11 | 89 | Energy | |
| Reaves Utility Income Trust | 0.19 | 0.21 | 0.23 | 78 | Financial Services |
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