Looking to diversify beyond UBEW? The ETFs below have historically moved differently from UBEW, 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 UBEW
1024 ETFs have low correlation with UBEW (below 0.3), 42 of which are negatively correlated. The least correlated is iMGP DBi Managed Futures Strategy ETF (DBMF) (Systematic Trend) with a 1Y correlation of -0.19, roughly unchanged from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iMGP DBi Managed Futures Strategy ETF | -0.19 | -0.19 | -0.19 | 90 | Systematic Trend | UBEW vs DBMF | |
| First Trust Energy AlphaDEX Fund | -0.11 | -0.11 | -0.11 | 75 | Energy Equities | UBEW vs FXN | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.10 | -0.10 | -0.10 | 58 | Commodities | UBEW vs COMT | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.09 | -0.09 | -0.09 | 83 | Commodities | UBEW vs CERY | |
| Direxion Auspice Broad Commodity Strategy ETF | -0.09 | -0.09 | -0.09 | 89 | Commodities | UBEW vs COM |
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