Looking to diversify beyond GOAU? The ETFs below have historically moved differently from GOAU, 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 GOAU
654 ETFs have low correlation with GOAU (below 0.3), 68 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.33, down from -0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | -0.17 | — | 61 | Cryptocurrency | GOAU vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | GOAU vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 52 | Inverse Equities | GOAU vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 61 | Inverse Equities, Leveraged Equities | GOAU vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.28 | — | — | 75 | Derivative Income | GOAU vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GOAU, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.11, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.11 | 0.04 | 0.15 | 84 | Energy | |
| The Cigna Group | -0.03 | 0.06 | 0.11 | 51 | Healthcare | |
| Visa Inc. | 0.04 | 0.06 | 0.12 | 53 | Financial Services | |
| CVS Health Corporation | 0.06 | 0.06 | 0.09 | 94 | Healthcare | |
| Eli Lilly and Company | 0.07 | 0.06 | 0.07 | 83 | Healthcare |
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