Looking to diversify beyond UCON? The ETFs below have historically moved differently from UCON, 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 UCON
421 ETFs have low correlation with UCON (below 0.3), 102 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, down from -0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.39 | -0.36 | 56 | Leveraged Currency | UCON vs YCS | |
| Invesco DB Energy Fund | -0.46 | -0.26 | -0.12 | 72 | Oil & Gas | UCON vs DBE | |
| United States Brent Oil Fund LP | -0.46 | -0.26 | -0.13 | 52 | Oil & Gas | UCON vs BNO | |
| Invesco DB Oil Fund | -0.46 | -0.25 | -0.11 | 58 | Oil & Gas | UCON vs DBO | |
| United States Oil Fund LP | -0.46 | -0.26 | -0.12 | 55 | Oil & Gas | UCON vs USO |
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