Looking to diversify beyond GLDW? The ETFs below have the lowest correlation with GLDW — 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 GLDW.
Best Diversifiers for GLDW
640 ETFs have low correlation with GLDW (below 0.3), 20 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.46 | -0.46 | -0.46 | 51 | Currency | GLDW vs UUP | |
| ProShares Short Bitcoin ETF | -0.32 | -0.32 | -0.32 | 57 | Cryptocurrency | GLDW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GLDW vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | -0.27 | -0.27 | 68 | Inverse Equities, Leveraged Equities | GLDW vs MSTZ | |
| ProShares UltraShort Yen | -0.18 | -0.18 | -0.18 | 72 | Leveraged Currency | GLDW vs YCS |
See all 2009 diversifiers for GLDW
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