Looking to balance out your exposure to GOLD? The ETFs below have historically moved differently from GOLD, 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 GOLD
34 ETFs have low correlation with GOLD (below 0.3), 1 of which are negatively correlated. The least correlated is Global X MLP & Energy Infrastructure ETF (MLPX) (Infrastructure Equities) with a 1Y correlation of -0.01, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X MLP & Energy Infrastructure ETF | -0.01 | -0.01 | -0.01 | 57 | Infrastructure Equities, MLPs | GOLD vs MLPX | |
| Vanguard Ultra-Short Treasury ETF | 0.08 | 0.08 | 0.08 | 100 | Ultrashort Bond, Government Bonds | GOLD vs VGUS | |
| iMGP DBi Managed Futures Strategy ETF | 0.13 | 0.13 | 0.13 | 85 | Systematic Trend | GOLD vs DBMF | |
| PIMCO Enhanced Short Maturity Active ETF | 0.17 | 0.17 | 0.17 | 100 | Ultrashort Bond | GOLD vs MINT | |
| State Street Health Care Select Sector SPDR ETF | 0.19 | 0.19 | 0.19 | 60 | Health & Biotech Equities | GOLD vs XLV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GOLD, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, roughly unchanged from -0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | -0.23 | -0.23 | 63 | Consumer Defensive | |
| Equinor ASA | -0.20 | -0.20 | -0.20 | 82 | Energy | |
| Devon Energy Corporation | -0.20 | -0.20 | -0.20 | 71 | Energy | |
| ConocoPhillips Company | -0.16 | -0.16 | -0.16 | 68 | Energy | |
| Chevron Corporation | -0.13 | -0.13 | -0.13 | 72 | Energy |
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