Looking to diversify beyond UBEW? The ETFs below have the lowest correlation with UBEW — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from UBEW.
Best Diversifiers for UBEW
691 ETFs have low correlation with UBEW (below 0.3), 20 of which are negatively correlated. The least correlated is Alerian Energy Infrastructure ETF (ENFR) (Energy Equities) with a 1Y correlation of -0.06, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian Energy Infrastructure ETF | -0.06 | -0.06 | -0.06 | 57 | Energy Equities | UBEW vs ENFR | |
| Strive Enhanced Income Short Maturity ETF | -0.05 | -0.05 | -0.05 | 97 | Ultrashort Bond | UBEW vs BUXX | |
| FT Energy Income Partners Strategy ETF | -0.05 | -0.05 | -0.05 | 83 | Energy Equities | UBEW vs EIPX | |
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.04 | -0.04 | -0.04 | 100 | Government Bonds, Ultrashort Bond | UBEW vs GBIL | |
| First Trust North American Energy Infrastructure F... | -0.04 | -0.04 | -0.04 | 70 | MLPs | UBEW vs EMLP |
See all 1036 diversifiers for UBEW
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