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
619 ETFs have low correlation with UDN (below 0.3), 48 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.97, roughly unchanged from -0.97 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.97 | -0.97 | -0.97 | 51 | Currency | UDN vs UUP | |
| ProShares UltraShort Yen | -0.70 | -0.64 | -0.59 | 72 | Leveraged Currency | UDN vs YCS | |
| TCW AAA CLO ETF | -0.33 | — | — | 99 | CLO | UDN vs ACLO | |
| United States Gasoline Fund LP | -0.26 | -0.11 | 0.02 | 78 | Oil & Gas | UDN vs UGA | |
| Invesco DB Energy Fund | -0.25 | -0.09 | 0.04 | 53 | Oil & Gas | UDN vs DBE |
To view more results, upgrade your current subscription plan.
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 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | 0.07 | 0.12 | 81 | Consumer Defensive | |
| The Coca-Cola Company | 0.03 | 0.14 | 0.19 | 83 | Consumer Defensive | |
| Consolidated Edison, Inc. | 0.03 | 0.12 | 0.14 | 70 | Utilities | |
| Duke Energy Corporation | 0.07 | 0.13 | 0.16 | 66 | Utilities | |
| PepsiCo, Inc. | 0.08 | 0.08 | 0.13 | 53 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements UDN
Add UDN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UDN