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
1503 ETFs have low correlation with IAU (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, up from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.27 | -0.38 | 67 | Leveraged Currency | IAU vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | -0.17 | -0.17 | 56 | Inverse Equities | IAU vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | -0.16 | -0.16 | 61 | Inverse Equities, Leveraged Equities | IAU vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.22 | — | — | 69 | Derivative Income | IAU vs WNTR | |
| TCW AAA CLO ETF | -0.13 | — | — | 99 | CLO | IAU vs ACLO |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | -0.02 | 0.01 | 77 | Consumer Defensive | |
| The Allstate Corporation | -0.14 | -0.03 | -0.02 | 78 | Financial Services | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.11 | 0.04 | 0.11 | 73 | Energy | |
| ConocoPhillips Company | -0.10 | 0.03 | 0.09 | 68 | Energy | |
| Chubb Limited | -0.08 | -0.03 | -0.01 | 81 | Financial Services |
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Build a portfolio that complements IAU
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