Looking to diversify beyond UDOW? The ETFs below have the lowest correlation with UDOW — 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 UDOW.
Best Diversifiers for UDOW
224 ETFs have low correlation with UDOW (below 0.3), 43 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.35, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | -0.33 | -0.33 | 62 | Inverse Equities, Leveraged Equities | UDOW vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | -0.36 | -0.36 | 63 | Derivative Income | UDOW vs WNTR | |
| United States Gasoline Fund LP | -0.31 | -0.07 | 0.08 | 69 | Oil & Gas | UDOW vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | UDOW vs IBIC | |
| ProShares UltraShort Yen | -0.21 | -0.04 | -0.02 | 73 | Leveraged Currency | UDOW vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UDOW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UDOW and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.29, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.29 | 0.33 | 0.45 | 66 | Technology | |
| Broadcom Inc. | 0.30 | 0.38 | 0.49 | 71 | Technology | |
| Tesla, Inc. | 0.35 | 0.37 | 0.41 | 53 | Consumer Cyclical |
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