Looking to diversify beyond GOLY? The ETFs below have historically moved differently from GOLY, 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 GOLY
564 ETFs have low correlation with GOLY (below 0.3), 83 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.05 | 0.02 | 72 | Oil & Gas | GOLY vs DBE | |
| ProShares Short Bitcoin ETF | -0.30 | -0.17 | — | 61 | Cryptocurrency | GOLY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.30 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | GOLY vs SBIT | |
| United States Brent Oil Fund LP | -0.30 | -0.04 | 0.03 | 52 | Oil & Gas | GOLY vs BNO | |
| United States Oil Fund LP | -0.30 | -0.04 | 0.03 | 55 | Oil & Gas | GOLY vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GOLY, 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 The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.16, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.16 | -0.01 | -0.02 | 82 | Financial Services | |
| McKesson Corporation | -0.01 | -0.01 | 0.00 | 67 | Healthcare | |
| Incyte Corporation | 0.10 | 0.08 | 0.07 | 88 | Healthcare | |
| Credo Technology Group Holding Ltd | 0.15 | 0.10 | — | 74 | Technology | |
| Arm Holdings plc American Depositary Shares | 0.18 | 0.08 | 0.08 | 74 | Technology |
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