Looking to diversify beyond CUT? The ETFs below have historically moved differently from CUT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CUT
409 ETFs have low correlation with CUT (below 0.3), 90 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down from -0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.23 | -0.18 | 56 | Leveraged Currency | CUT vs YCS | |
| Invesco DB Energy Fund | -0.35 | -0.09 | 0.07 | 72 | Oil & Gas | CUT vs DBE | |
| United States Gasoline Fund, LP | -0.33 | -0.08 | 0.06 | 87 | Oil & Gas | CUT vs UGA | |
| United States Brent Oil Fund LP | -0.31 | -0.06 | 0.06 | 52 | Oil & Gas | CUT vs BNO | |
| United States Oil Fund LP | -0.30 | -0.07 | 0.06 | 55 | Oil & Gas | CUT vs USO |
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