Looking to diversify beyond UCON? The ETFs below have the lowest correlation with UCON — 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 UCON.
Best Diversifiers for UCON
567 ETFs have low correlation with UCON (below 0.3), 83 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.52, down from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.52 | -0.38 | -0.36 | 63 | Leveraged Currency | UCON vs YCS | |
| Invesco DB Energy Fund | -0.43 | -0.23 | -0.10 | 71 | Oil & Gas | UCON vs DBE | |
| United States Gasoline Fund LP | -0.42 | -0.20 | -0.10 | 71 | Oil & Gas | UCON vs UGA | |
| United States Brent Oil Fund LP | -0.42 | -0.23 | -0.11 | 65 | Oil & Gas | UCON vs BNO | |
| Invesco DB Oil Fund | -0.42 | -0.22 | -0.09 | 65 | Oil & Gas | UCON vs DBO |
See all 1663 diversifiers for UCON
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Diversification Analysis
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