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
55 ETFs have low correlation with GOLD (below 0.3), 3 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.12, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.12 | -0.12 | -0.12 | 54 | Leveraged Commodities | GOLD vs UCO | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.01 | -0.01 | -0.01 | 93 | Inflation-Protected Bonds | GOLD vs VTIP | |
| Vanguard Energy ETF | -0.01 | -0.01 | -0.01 | 64 | Energy Equities | GOLD vs VDE | |
| iShares 0-5 Year TIPS Bond ETF | 0.01 | 0.01 | 0.01 | 93 | Inflation-Protected Bonds | GOLD vs STIP | |
| Fidelity MSCI Energy Index ETF | 0.01 | 0.01 | 0.01 | 64 | Energy Equities | GOLD vs FENY |
To view more results, upgrade your current subscription plan.
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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.12, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.12 | -0.12 | -0.12 | 76 | Energy | |
| BP p.l.c. | -0.10 | -0.10 | -0.10 | 87 | Energy | |
| PepsiCo, Inc. | -0.09 | -0.09 | -0.09 | 56 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | -0.08 | -0.08 | -0.08 | 86 | Energy | |
| Coca-Cola Consolidated, Inc. | -0.06 | -0.06 | -0.06 | 80 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GOLD
Add GOLD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GOLD