Looking to diversify beyond TUA? The ETFs below have historically moved differently from TUA, 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 TUA
1326 ETFs have low correlation with TUA (below 0.3), 137 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.52 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.52 | — | 56 | Leveraged Currency | TUA vs YCS | |
| Fidelity Managed Futures ETF | -0.41 | — | — | 88 | Systematic Trend, Actively Managed | TUA vs FFUT | |
| United States Brent Oil Fund LP | -0.39 | -0.23 | — | 52 | Oil & Gas | TUA vs BNO | |
| Invesco DB Oil Fund | -0.39 | -0.23 | — | 58 | Oil & Gas | TUA vs DBO | |
| United States Oil Fund LP | -0.39 | -0.23 | -0.19 | 55 | Oil & Gas | TUA vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TUA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Callaway Golf Company (CALY) (Consumer Cyclical) with a 1Y correlation of 0.16, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Callaway Golf Company | 0.16 | 0.09 | 0.07 | 90 | Consumer Cyclical |
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