Looking to diversify beyond UCO? The ETFs below have the lowest correlation with UCO — 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 UCO.
Best Diversifiers for UCO
1431 ETFs have low correlation with UCO (below 0.3), 1371 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.48 | — | — | 53 | Global Bonds | UCO vs AVGB | |
| Astoria Dynamic Core US Fixed Income ETF | -0.42 | -0.40 | -0.40 | 67 | Multisector Bonds | UCO vs AGGA | |
| Avantis Short-Term Fixed Income ETF | -0.42 | -0.20 | -0.13 | 60 | Short-Term Bond | UCO vs AVSF | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.42 | -0.22 | -0.10 | 50 | Nontraditional Bonds | UCO vs UCON | |
| iShares Core 1-5 Year USD Bond ETF | -0.41 | -0.19 | -0.11 | 67 | Short-Term Bond | UCO vs ISTB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UCO and solid risk/return profiles. The least correlated is HSBC Holdings plc (HSBC) (Financial Services) with a 1Y correlation of -0.28, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HSBC Holdings plc | -0.28 | -0.06 | 0.08 | 92 | Financial Services | |
| 3M Company | -0.28 | -0.08 | 0.01 | 55 | Industrials | |
| Ford Motor Company | -0.27 | -0.01 | 0.11 | 71 | Consumer Cyclical | |
| Brookfield Corporation | -0.27 | -0.04 | 0.10 | 53 | Financial Services | |
| The Bank of Nova Scotia | -0.26 | -0.08 | 0.11 | 96 | Financial Services |
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