Looking to diversify beyond GOLD.AS? The ETFs below have the lowest correlation with GOLD.AS — 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 GOLD.AS.
Best Diversifiers for GOLD.AS
1 ETFs have low correlation with GOLD.AS (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P 500 UCITS ETF (CSPX.AS) (S&P 500) with a 1Y correlation of 0.16, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 UCITS ETF | 0.16 | 0.12 | 0.06 | 68 | S&P 500 | GOLD.AS vs CSPX.AS |
Diversification Analysis
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