Looking to diversify beyond GLDW? The ETFs below have historically moved differently from GLDW, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GLDW
701 ETFs have low correlation with GLDW (below 0.3), 17 of which are negatively correlated. The least correlated is iShares iBonds Oct 2027 Term TIPS ETF (IBID) (Inflation-Protected Bonds) with a 1Y correlation of -0.08, roughly unchanged from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2027 Term TIPS ETF | -0.08 | -0.08 | -0.08 | 97 | Inflation-Protected Bonds | GLDW vs IBID | |
| United States Gasoline Fund, LP | -0.08 | -0.08 | -0.08 | 87 | Oil & Gas | GLDW vs UGA | |
| Bastion Energy ETF | -0.04 | -0.04 | -0.04 | 88 | Energy Equities | GLDW vs BESF | |
| ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP In... | -0.03 | -0.03 | -0.03 | 68 | Leveraged Equities | GLDW vs MLPR | |
| Westwood Salient Enhanced Midstream Income ETF | -0.02 | -0.02 | -0.02 | 66 | Energy Equities | GLDW vs MDST |
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