Looking to diversify beyond UEVM? The ETFs below have historically moved differently from UEVM, 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 UEVM
220 ETFs have low correlation with UEVM (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, down from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.28 | — | 61 | Cryptocurrency | UEVM vs BITI | |
| Invesco DB Energy Fund | -0.28 | -0.02 | 0.10 | 72 | Oil & Gas | UEVM vs DBE | |
| Alpha Architect Tail Risk ETF | -0.27 | -0.10 | — | 56 | Options Trading | UEVM vs CAOS | |
| United States Brent Oil Fund LP | -0.27 | -0.01 | 0.09 | 52 | Oil & Gas | UEVM vs BNO | |
| Invesco DB Oil Fund | -0.25 | -0.00 | 0.10 | 58 | Oil & Gas | UEVM vs DBO |
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