Looking to diversify beyond UBND? The ETFs below have historically moved differently from UBND, 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 UBND
418 ETFs have low correlation with UBND (below 0.3), 66 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.45, down from -0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.45 | -0.25 | — | 72 | Oil & Gas | UBND vs DBE | |
| Invesco DB Oil Fund | -0.43 | -0.24 | — | 58 | Oil & Gas | UBND vs DBO | |
| United States Brent Oil Fund LP | -0.42 | -0.25 | — | 52 | Oil & Gas | UBND vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.41 | -0.20 | — | 67 | Commodities | UBND vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.40 | -0.21 | — | 58 | Commodities | UBND vs COMT |
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