looking for index not correlated to SPY

[seotrader]

Hello,

I'm looking for an index that isn't correlated to the stock market performance. it should have the same volatility levels

I need a very liquid one , so I can do IRON condor easily

I found one good - GLD ( gold index) , I'm looking for one more

Any ideas?

Thanks

 

[Rhody Trader]

GLD is not an index. It's a gold ETF. All it does is track the price of gold. GDX is an ETF which is like an index of gold mining stocks.

Any index or ETF which tracks stock prices is going to correlate to the SPY to a greater or lesser degree. In fact, just about all markets correlate in one way or another at times. If you're looking for non-equity ETFs, though, look at those for things like commodities and currencies.

 

[seotrader]

Thanks.

Currency ETF sounds like a good candidate

Do you have any very liquid currency ETF's ?

 

[Rhody Trader]

I think the long dollar ETF UUP is pretty actively traded.