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60 Stocks and 40 ETFs for diversifying New Gold (NGD)

The least correlated asset to New Gold (NGD) is company Gesher Acquisition Corp II (GSHR). The correlation is -0.703.

Stocks that lowly correlated with NGD

SymbolName
Market cap
SectorIndustry
Correlation
GSHRGesher Acquisition Corp II - Class A$155MFinancial ServicesShell Companies-0.70
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.58
UYSCUY Scuti Acquisition Corp$73MFinancial ServicesShell Companies-0.54
NCTIntercont (Cayman) Ltd$2.61MIndustrialsMarine Shipping-0.54
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.52
MNTNMNTN Inc - Class A$653MTechnologySoftware - Application-0.52
TLXTelix Pharmaceuticals Ltd$3.30BHealthcareBiotechnology-0.51
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.51
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.51
HMRSports Properties Acquisition Corp$73MIndustrialsMarine Shipping-0.49
PNSkycorp Solar Group Ltd - Series A$100MTechnologySolar-0.49
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.48
STFSStar Fashion Culture Holdings Ltd - Class A$903KCommunication ServicesAdvertising Agencies-0.47
CUPRCuprina Holdings (Cayman) Ltd - Class A$5.42MHealthcareMedical Instruments & Supplies-0.47
STAKStak Inc$17MEnergyOil & Gas Equipment & Services-0.47
DBTXDecibel Therapeutics Inc$123MN/AN/A-0.46
CURRCurrenc Group Inc$246MTechnologySoftware - Application-0.46
BMNRBitMine Immersion Technologies Inc$9.30BFinancial ServicesCapital Markets-0.45
QETAUQuetta Acquisition Corp - Units (1 1 Rights)$27MFinancial ServicesShell Companies-0.44
SDHIRSiddhi Acquisition Corp$1.38MN/AN/A-0.44
MPUMega Matrix Inc - Class A$30MCommunication ServicesEntertainment-0.42
KBDCKayne Anderson BDC Inc$986MFinancial ServicesAsset Management-0.42
ET-P-IEnergy Transfer LP$40BN/AN/A-0.41
DTSQRDT Cloud Star Acquisition Corp$298KN/AN/A-0.41
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.41
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.40
YHCLQR House Inc$18MConsumer DefensiveBeverages - Wineries & Distilleries-0.39
NLOPNet Lease Office Properties$178MReal EstateReit - Office-0.38
PACWPPacWest Bancorp Depositary Shares Each Representing a 140th Interest in a Share of 7.75 Fixed Rate NonCumulative Perpetual Preferred Stock Series A$2.48BN/AN/A-0.38
GBRGSunCar Technology Group Inc$11MN/AN/A-0.38
ETOREtoro Group Ltd - Class A$3.64BFinancial ServicesCapital Markets-0.37
YBYuanbao Inc$971MTechnologySoftware - Application-0.36
RAAQReal Asset Acquisition Corp - Class A$196MFinancial ServicesShell Companies-0.36
DHCADHC Acquisition Corp - Class A$16MN/AN/A-0.35
SYRASyra Health Corp - Class A$5.82MHealthcareMedical Care Facilities-0.35
SVCCUStellar V Capital Corp - Units (1 Ord Cls A & 1/2 War)$165MFinancial ServicesShell Companies-0.34
WYHGWing Yip Food Holdings Group Ltd$43MConsumer DefensivePackaged Foods-0.34
RCTRedCloud Holdings PLC$41MTechnologySoftware - Application-0.34
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.34
LGPSLogProstyle Inc$16MIndustrialsConglomerates-0.33
ANGXAngel Studios Inc - Class A$474MCommunication ServicesEntertainment-0.33
GRFXGraphex Group Ltd American Depositary Shares each American Depositary Share representing 20$20MBasic MaterialsOther Industrial Metals & Mining-0.32
HPLTHome Plate Acquisition Corp - Class A$77MN/AN/A-0.32
AFRIForafric Global PLC$270MConsumer DefensiveFarm Products-0.31
NOEMUCO2 Energy Transition Corp - Units (1 Ord1 War & 1 Rts)$77MFinancial ServicesShell Companies-0.31
HUHUHUHUTECH International Group Inc$224MIndustrialsSpecialty Industrial Machinery-0.31
JLJ-Long Group Ltd$24MConsumer CyclicalApparel Manufacturing-0.31
MDBHMDB Capital Holdings LLC - Class A$38MFinancial ServicesCapital Markets-0.31
AVIRAtea Pharmaceuticals Inc$364MHealthcareBiotechnology-0.31
ARAIArrive AI Inc$26MTechnologyScientific & Technical Instruments-0.31
BBLGBone Biologics Corp$2.23MHealthcareBiotechnology-0.31
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.30
APUSApimeds Pharmaceuticals US Inc$1.82MHealthcareDrug Manufacturers - Specialty & Generic-0.30
IROHWIron Horse Acquisitions Corp - Warrants (27/12/2028)$852KN/AN/A-0.30
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.30
LBLandbridge Company LLC. - Class A$5.70BEnergyOil & Gas Equipment & Services-0.30
GTENUGores Holdings X Inc - Units (1 Ord Class A & 1/4 War)$94MFinancial ServicesShell Companies-0.29
INTJIntelligent Group Ltd$13MIndustrialsConsulting Services-0.29
OMSEOMS Energy Technologies Inc$201MEnergyOil & Gas Equipment & Services-0.29
CBIOCrescent Biopharma Inc$573MHealthcareBiotechnology-0.29

ETFs that lowly correlated with NGD

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.63
ZSLProShares UltraShort Silver -2x Shares$145MN/ADec 1, 2008-0.59
DULLBank of Montreal$15MN/AFeb 21, 2023-0.59
GGOViShares Global Government Bond USD Hedged Active$44M0.39%Jun 25, 2025-0.57
GLLProShares UltraShort Gold -2x Shares$115MN/ADec 1, 2008-0.55
DGZDeutsche Bank AG London$1.60M0.75%Feb 27, 2008-0.52
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.42
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.41
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.40
CTASIMPLIFY MANAGED FUTURES STRATEGY ETF $1.70B0.75%Mar 7, 2022-0.40
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.39
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.39
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.38
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.38
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3MN/AJun 16, 2009-0.38
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.36
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.36
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.35
MSTUT-REX 2X LONG MSTR DAILY TARGET ETF $616MN/ASep 17, 2024-0.35
MSTXDefiance Daily Target 2x Long MSTR ETF$388MN/AAug 14, 2024-0.34
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.34
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.33
UUPInvesco DB US Dollar Index Bullish Fund$352M0.75%Feb 20, 2007-0.33
EUOProShares UltraShort Euro -2X Shares$38MN/ANov 24, 2008-0.33
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.32
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.32
BTRNGLOBAL X BITCOIN TREND STRATEGY ETF $1.90M0.95%Mar 20, 2024-0.32
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.32
PTIRGRANITESHARES 2X LONG PLTR DAILY ETF $408MN/ASep 4, 2024-0.31
USOYDEFIANCE OIL ENHANCED OPTIONS INCOME ETF $76M1.12%May 9, 2024-0.31
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.31
CSCLDirexion Daily CSCO Bull 2X ETF$5MN/AJun 24, 2025-0.31
DLLLGRANITESHARES 2X LONG DELL DAILY ETF $24MN/AFeb 12, 2025-0.30
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.30
NFLUT-REX 2X LONG NFLX DAILY TARGET ETF $36MN/ASep 26, 2024-0.30
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.30
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.29
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.29
NFXLDIREXION DAILY NFLX BULL 2X SHARES $176MN/AOct 2, 2024-0.29
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.29