Looking to diversify beyond UAUG? The ETFs below have historically moved differently from UAUG, 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 UAUG
203 ETFs have low correlation with UAUG (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, down from -0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.35 | — | 61 | Cryptocurrency | UAUG vs BITI | |
| Alpha Architect Tail Risk ETF | -0.34 | -0.05 | — | 56 | Options Trading | UAUG vs CAOS | |
| Invesco DB Energy Fund | -0.25 | -0.08 | 0.06 | 72 | Oil & Gas | UAUG vs DBE | |
| United States Brent Oil Fund LP | -0.23 | -0.07 | 0.04 | 52 | Oil & Gas | UAUG vs BNO | |
| Invesco DB Oil Fund | -0.20 | -0.05 | 0.06 | 58 | Oil & Gas | UAUG vs DBO |
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