Looking to diversify beyond UDOW? The ETFs below have historically moved differently from UDOW, 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 UDOW
230 ETFs have low correlation with UDOW (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.41, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.41 | -0.15 | 0.04 | 54 | Oil & Gas | UDOW vs DBE | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | -0.36 | -0.36 | 58 | Derivative Income | UDOW vs WNTR | |
| United States Gasoline Fund, LP | -0.32 | -0.09 | 0.06 | 72 | Oil & Gas | UDOW vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.30 | -0.07 | 0.10 | 51 | Commodities | UDOW vs GSG | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.29 | — | — | 97 | Inflation-Protected Bonds | UDOW vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UDOW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of -0.01, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | -0.01 | 0.23 | 0.34 | 87 | Real Estate | |
| Broadcom Inc. | 0.27 | 0.34 | 0.44 | 70 | Technology | |
| Micron Technology, Inc. | 0.28 | 0.32 | 0.41 | 99 | Technology | |
| NVIDIA Corporation | 0.29 | 0.30 | 0.40 | 63 | Technology | |
| Alphabet Inc. Class A | 0.40 | 0.39 | 0.50 | 94 | Communication Services |
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