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
1506 ETFs have low correlation with GLDM (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, up from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.28 | -0.38 | 63 | Leveraged Currency | GLDM vs YCS | |
| TCW AAA CLO ETF | -0.13 | — | — | 99 | CLO | GLDM vs ACLO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.12 | — | — | 97 | Inflation-Protected Bonds | GLDM vs RBIL | |
| First Trust Merger Arbitrage ETF | -0.10 | 0.02 | 0.01 | 59 | Long-Short | GLDM vs MARB | |
| PIMCO Enhanced Short Maturity Active ETF | -0.09 | -0.03 | 0.10 | 100 | Ultrashort Bond | GLDM vs MINT |
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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 -0.11, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | -0.00 | 0.02 | 72 | Consumer Defensive | |
| Aflac Incorporated | -0.11 | 0.01 | 0.03 | 68 | Financial Services | |
| Insurance Australia Group Ltd ADR | -0.09 | 0.02 | 0.06 | 53 | Financial Services | |
| Enterprise Products Partners L.P. | -0.07 | 0.08 | 0.13 | 85 | Energy | |
| Chubb Limited | -0.06 | -0.02 | -0.00 | 69 | Financial Services |
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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