Looking to diversify beyond GOLY? The ETFs below have the lowest correlation with GOLY — 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 GOLY.
Best Diversifiers for GOLY
488 ETFs have low correlation with GOLY (below 0.3), 43 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.27, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | -0.21 | -0.21 | 60 | Inverse Equities, Leveraged Equities | GOLY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 65 | Derivative Income | GOLY vs WNTR | |
| United States Gasoline Fund LP | -0.25 | -0.02 | 0.03 | 72 | Oil & Gas | GOLY vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.24 | -0.15 | -0.15 | 97 | Inflation-Protected Bonds | GOLY vs RBIL | |
| ProShares UltraShort Yen | -0.23 | -0.31 | -0.41 | 75 | Leveraged Currency | GOLY vs YCS |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOLY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOLY and solid risk/return profiles. The least correlated is The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.13, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.13 | 0.00 | -0.02 | 82 | Financial Services | |
| McKesson Corporation | 0.05 | 0.00 | 0.02 | 58 | Healthcare | |
| Incyte Corporation | 0.08 | 0.07 | 0.07 | 89 | Healthcare | |
| Credo Technology Group Holding Ltd | 0.12 | 0.09 | — | 86 | Technology | |
| Extreme Networks, Inc. | 0.17 | 0.10 | 0.04 | 85 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GOLY
Add GOLY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GOLY