Looking to diversify beyond UFO? The ETFs below have the lowest correlation with UFO — 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 UFO.
Best Diversifiers for UFO
373 ETFs have low correlation with UFO (below 0.3), 45 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.16, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.16 | -0.02 | 0.07 | 71 | Oil & Gas | UFO vs DBE | |
| United States Brent Oil Fund LP | -0.15 | -0.01 | 0.07 | 65 | Oil & Gas | UFO vs BNO | |
| United States Oil Fund LP | -0.14 | -0.01 | 0.08 | 66 | Oil & Gas | UFO vs USO | |
| United States Gasoline Fund LP | -0.13 | -0.02 | 0.06 | 69 | Oil & Gas | UFO vs UGA | |
| Defiance Oil Enhanced Options Income ETF | -0.12 | — | — | 56 | Derivative Income | UFO vs USOY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UFO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UFO and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.13 | -0.01 | 0.11 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.12 | -0.01 | 0.07 | 53 | Utilities | |
| Verizon Communications Inc. | -0.10 | 0.02 | 0.10 | 59 | Communication Services | |
| Altria Group, Inc. | -0.07 | 0.07 | 0.14 | 69 | Consumer Defensive | |
| PepsiCo, Inc. | -0.04 | 0.02 | 0.10 | 56 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements UFO
Add UFO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UFO