Looking to diversify beyond UDN? The ETFs below have the lowest correlation with UDN — 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 UDN.
Best Diversifiers for UDN
904 ETFs have low correlation with UDN (below 0.3), 59 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.73, down from -0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.73 | -0.64 | -0.59 | 63 | Leveraged Currency | UDN vs YCS | |
| United States Oil Fund LP | -0.32 | -0.10 | 0.04 | 66 | Oil & Gas | UDN vs USO | |
| TCW AAA CLO ETF | -0.31 | — | — | 99 | CLO | UDN vs ACLO | |
| United States Brent Oil Fund LP | -0.31 | -0.09 | 0.04 | 65 | Oil & Gas | UDN vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | UDN vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UDN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UDN and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | 0.08 | 0.13 | 67 | Consumer Defensive | |
| The Coca-Cola Company | 0.08 | 0.15 | 0.20 | 63 | Consumer Defensive | |
| Duke Energy Corporation | 0.10 | 0.15 | 0.16 | 52 | Utilities | |
| PepsiCo, Inc. | 0.12 | 0.10 | 0.14 | 57 | Consumer Defensive | |
| Bank of America Corporation | 0.13 | 0.10 | 0.19 | 66 | Financial Services |
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