Looking to diversify beyond UBT? The ETFs below have historically moved differently from UBT, 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 UBT
1314 ETFs have low correlation with UBT (below 0.3), 114 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.43, down from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.43 | -0.24 | -0.19 | 72 | Oil & Gas | UBT vs DBE | |
| United States Oil Fund LP | -0.41 | -0.23 | -0.20 | 55 | Oil & Gas | UBT vs USO | |
| United States Gasoline Fund LP | -0.40 | -0.21 | -0.17 | 87 | Oil & Gas | UBT vs UGA | |
| Invesco DB Oil Fund | -0.40 | -0.23 | -0.19 | 58 | Oil & Gas | UBT vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.39 | -0.20 | -0.16 | 67 | Commodities | UBT vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UBT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.03, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.03 | 0.01 | 0.02 | 56 | Technology | |
| Amazon.com, Inc | 0.14 | 0.06 | 0.06 | 60 | Consumer Cyclical | |
| Apple Inc | 0.14 | 0.13 | 0.07 | 89 | Technology | |
| Alphabet Inc. Class A | 0.16 | 0.07 | 0.04 | 95 | Communication Services |
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