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
486 ETFs have low correlation with GOLY (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, up from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.31 | -0.41 | 61 | Leveraged Currency | GOLY vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | GOLY vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | GOLY vs CSHP | |
| VanEck Energy Income ETF | -0.12 | 0.13 | 0.11 | 57 | Energy Equities | GOLY vs EINC | |
| Alerian Energy Infrastructure ETF | -0.11 | 0.13 | 0.13 | 50 | Energy Equities | GOLY vs ENFR |
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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 -0.10, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.10 | 0.01 | -0.01 | 64 | Financial Services | |
| Incyte Corporation | 0.09 | 0.08 | 0.06 | 81 | Healthcare | |
| Arm Holdings plc American Depositary Shares | 0.12 | 0.07 | 0.07 | 90 | Technology | |
| Credo Technology Group Holding Ltd | 0.12 | 0.10 | — | 90 | Technology | |
| Extreme Networks, Inc. | 0.17 | 0.10 | 0.03 | 82 | Technology |
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