Looking to diversify beyond UCO? The ETFs below have historically moved differently from UCO, 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 UCO
1646 ETFs have low correlation with UCO (below 0.3), 1572 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Astoria Dynamic Core US Fixed Income ETF | -0.43 | — | — | 58 | Multisector Bonds | UCO vs AGGA | |
| Avantis Short-Term Fixed Income ETF | -0.43 | -0.23 | -0.13 | 72 | Short-Term Bond | UCO vs AVSF | |
| First Trust Low Duration Strategic Focus ETF | -0.42 | -0.18 | -0.07 | 79 | Short-Term Bond | UCO vs LDSF | |
| Ishares J.P. Morgan Broad USD Emerging Markets Bon... | -0.42 | -0.17 | — | 58 | Emerging Markets Bonds | UCO vs BEMB | |
| Dimensional Short-Duration Fixed Income ETF | -0.42 | -0.26 | — | 73 | Short-Term Bond | UCO vs DFSD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UCO, 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 3M Company (MMM) (Industrials) with a 1Y correlation of -0.27, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| 3M Company | -0.27 | -0.11 | 0.00 | 67 | Industrials | |
| Nu Holdings Ltd. | -0.27 | -0.03 | — | 57 | Financial Services | |
| The Bank of Nova Scotia | -0.26 | -0.10 | 0.10 | 97 | Financial Services | |
| HSBC Holdings plc | -0.25 | -0.06 | 0.07 | 96 | Financial Services | |
| Annaly Capital Management, Inc. | -0.25 | -0.07 | 0.06 | 80 | Real Estate |
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