Looking to diversify beyond UBRL? The ETFs below have the lowest correlation with UBRL — 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 UBRL.
Best Diversifiers for UBRL
882 ETFs have low correlation with UBRL (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.23, roughly unchanged from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.23 | -0.22 | -0.22 | 57 | Cryptocurrency | UBRL vs BITI | |
| iShares U.S. Energy ETF | -0.11 | 0.02 | 0.02 | 51 | Energy Equities | UBRL vs IYE | |
| Brookstone Ultra-Short Bond ETF | -0.11 | — | — | 99 | Ultrashort Bond | UBRL vs BAMU | |
| Invesco DB Energy Fund | -0.10 | -0.02 | -0.02 | 53 | Oil & Gas | UBRL vs DBE | |
| Fidelity MSCI Energy Index ETF | -0.10 | 0.02 | 0.02 | 51 | Energy Equities | UBRL vs FENY |
See all 1127 diversifiers for UBRL
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