Looking to balance out your exposure to GOLD? The ETFs below have the lowest correlation with GOLD — they tend to move on their own, which can help reduce risk when GOLD drops. The stock ideas table highlights individual companies that behave independently from GOLD.
Best Diversifiers for GOLD
31 ETFs have low correlation with GOLD (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Global Energy ETF (IXC) (Energy Equities) with a 1Y correlation of -0.06, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Energy ETF | -0.06 | -0.06 | -0.06 | 52 | Energy Equities | GOLD vs IXC | |
| Vanguard Emerging Markets Government Bond ETF | 0.22 | 0.22 | 0.22 | 59 | Emerging Markets Bonds | GOLD vs VWOB | |
| Fidelity MSCI Health Care Index ETF | 0.23 | 0.23 | 0.23 | 59 | Health & Biotech Equities | GOLD vs FHLC | |
| Vanguard Tax-Exempt Bond ETF | 0.24 | 0.24 | 0.24 | 78 | Municipal Bonds | GOLD vs VTEB | |
| iShares Semiconductor ETF | 0.24 | 0.24 | 0.24 | 94 | Semiconductors, Technology Equities | GOLD vs SOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOLD and solid risk/return profiles. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.15, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.15 | -0.15 | -0.15 | 67 | Energy | |
| ConocoPhillips Company | -0.12 | -0.12 | -0.12 | 62 | Energy | |
| BP p.l.c. | -0.09 | -0.09 | -0.09 | 74 | Energy | |
| Chevron Corporation | -0.06 | -0.06 | -0.06 | 67 | Energy | |
| The Southern Company | -0.06 | -0.06 | -0.06 | 57 | Utilities |
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