The Gold Shares fund is an exchange traded fund (ETF) within the SPDR family. There are at least 2 funds that are incredibly highly correlated with GLD.
Within the SPDR family of funds, the most positively correlated other funds are Barclays International Treasury Bond, Barclays TIPS, Barclays 0-5 Year TIPS, S&P Emerging Markets Dividend, Barclays International High Yield Bond.
Outside of the SPDR family, the most positively correlated other funds are iShares - Gold Trust, PowerShares - DB Gold Fund, iShares - MSCI Global Silver Miners ETF, iShares - MSCI Global Gold Miners ETF, PowerShares - DB Precious Metals Fund.
|KBWR||PowerShares||KBW Regional Bank Portfolio||-93.0%|
|KBWB||PowerShares||KBW Bank Portfolio||-92.5%|
|VMVAX||Vanguard Mutual Funds||Mid-Cap Value Index Admiral||-92.1%|
|FSCKX||Fidelity||Spartan Mid-Cap Index Fund - Fidelity Advantage Class||-92.0%|
|FSCLX||Fidelity||Spartan Mid-Cap Index Fund - Investor Class||-91.9%|
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