Looking to diversify beyond GLDM? The ETFs below have the lowest correlation with GLDM — 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 GLDM.
Best Diversifiers for GLDM
1477 ETFs have low correlation with GLDM (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.26, down from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.26 | -0.13 | -0.16 | 53 | Cryptocurrency | GLDM vs BITI | |
| ProShares UltraShort Yen | -0.23 | -0.27 | -0.38 | 72 | Leveraged Currency | GLDM vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 68 | Inverse Equities, Leveraged Equities | GLDM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | — | — | 60 | Inverse Equities | GLDM vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.22 | — | — | 70 | Derivative Income | GLDM vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GLDM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLDM and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | -0.02 | 0.02 | 78 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.09 | 0.05 | 0.11 | 85 | Energy | |
| Chubb Limited | -0.08 | -0.03 | -0.01 | 83 | Financial Services | |
| ConocoPhillips Company | -0.08 | 0.05 | 0.09 | 66 | Energy | |
| Insurance Australia Group Ltd ADR | -0.08 | 0.02 | 0.07 | 54 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GLDM
Add GLDM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GLDM