Looking to diversify beyond KGLD? The ETFs below have the lowest correlation with KGLD — 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 KGLD.
Best Diversifiers for KGLD
1391 ETFs have low correlation with KGLD (below 0.3), 19 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.22, roughly unchanged from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.22 | -0.22 | -0.22 | 63 | Leveraged Currency | KGLD vs YCS | |
| TCW AAA CLO ETF | -0.14 | -0.14 | -0.14 | 99 | CLO | KGLD vs ACLO | |
| First Trust Merger Arbitrage ETF | -0.10 | -0.10 | -0.10 | 59 | Long-Short | KGLD vs MARB | |
| United States Gasoline Fund LP | -0.09 | -0.09 | -0.09 | 55 | Oil & Gas | KGLD vs UGA | |
| iShares Enhanced Short-Term Bond Active ETF | -0.08 | -0.08 | -0.08 | 99 | Ultrashort Bond | KGLD vs CSHP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KGLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KGLD and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 0.19, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 0.19 | 0.19 | 0.19 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.20 | 0.20 | 0.20 | 93 | Technology | |
| Standard Chartered PLC | 0.30 | 0.30 | 0.30 | 90 | Financial Services |
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