Looking to diversify beyond IAU? The ETFs below have the lowest correlation with IAU — 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 IAU.
Best Diversifiers for IAU
1828 ETFs have low correlation with IAU (below 0.3), 41 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.26, up from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.26 | -0.28 | -0.38 | 63 | Leveraged Currency | IAU vs YCS | |
| TCW AAA CLO ETF | -0.11 | — | — | 99 | CLO | IAU vs ACLO | |
| First Trust Merger Arbitrage ETF | -0.10 | 0.02 | 0.02 | 50 | Long-Short | IAU vs MARB | |
| PIMCO Enhanced Short Maturity Active ETF | -0.09 | -0.02 | 0.11 | 100 | Ultrashort Bond | IAU vs MINT | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.09 | — | — | 98 | Inflation-Protected Bonds | IAU vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IAU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IAU and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of -0.13, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.13 | 0.04 | 0.10 | 70 | Energy | |
| YPF Sociedad Anónima | -0.10 | 0.06 | 0.09 | 72 | Energy | |
| Altria Group, Inc. | -0.10 | -0.00 | 0.04 | 67 | Consumer Defensive | |
| Aflac Incorporated | -0.09 | 0.02 | 0.04 | 61 | Financial Services | |
| Datadog, Inc. | -0.06 | 0.02 | 0.05 | 83 | Technology |
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Build a portfolio that complements IAU
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