Looking to diversify beyond GLL? The ETFs below have historically moved differently from GLL, 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 GLL
2243 ETFs have low correlation with GLL (below 0.3), 2181 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| 3EDGE Dynamic Hard Assets ETF | -0.86 | — | — | 60 | Commodities | GLL vs EDGH | |
| Sarmaya Thematic ETF | -0.81 | — | — | 63 | Global Equities | GLL vs LENS | |
| Themes Silver Miners ETF | -0.80 | — | — | 55 | Silver, Precious Metals | GLL vs AGMI | |
| Cabana Target Drawdown 7 ETF | -0.78 | -0.46 | -0.35 | 73 | Tactical Allocation | GLL vs TDSB | |
| VanEck Inflation Allocation ETF | -0.72 | -0.63 | -0.56 | 77 | Diversified Portfolio | GLL vs RAAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GLL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Royal Gold, Inc. (RGLD) (Basic Materials) with a 1Y correlation of -0.71, roughly unchanged from -0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Royal Gold, Inc. | -0.71 | -0.68 | -0.67 | 66 | Basic Materials |
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