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
1459 ETFs have low correlation with GLDI (below 0.3), 49 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.43 | -0.41 | -0.45 | 51 | Currency | GLDI vs UUP | |
| ProShares Short Bitcoin ETF | -0.24 | -0.13 | -0.16 | 57 | Cryptocurrency | GLDI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.24 | -0.17 | -0.17 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GLDI vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | — | — | 60 | Inverse Equities | GLDI vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 68 | Inverse Equities, Leveraged Equities | GLDI vs MSTZ |
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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 Hess Midstream LP (HESM) (Energy) with a 1Y correlation of -0.04, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hess Midstream LP | -0.04 | 0.09 | 0.11 | 56 | Energy | |
| Oxford Lane Capital Corp. | -0.00 | 0.02 | 0.07 | 96 | Financial Services | |
| MPLX LP | 0.01 | 0.10 | 0.14 | 82 | Energy | |
| Frontline Ltd. | 0.08 | 0.09 | 0.09 | 94 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.11 | -0.00 | 0.02 | 88 | Financial Services |
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