Looking to diversify beyond UFO? The ETFs below have historically moved differently from UFO, 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 UFO
432 ETFs have low correlation with UFO (below 0.3), 52 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 61 | Inverse Equities, Leveraged Equities | UFO vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 75 | Derivative Income | UFO vs WNTR | |
| ProShares Short Bitcoin ETF | -0.45 | -0.33 | — | 61 | Cryptocurrency | UFO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | UFO vs SBIT | |
| Alpha Architect Tail Risk ETF | -0.16 | -0.08 | — | 56 | Options Trading | UFO vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UFO, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.17 | -0.03 | 0.10 | 90 | Consumer Defensive | |
| Altria Group, Inc. | -0.17 | 0.02 | 0.11 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.14 | -0.03 | 0.07 | 56 | Utilities | |
| Verizon Communications Inc. | -0.13 | -0.01 | 0.08 | 66 | Communication Services | |
| PepsiCo, Inc. | -0.13 | -0.00 | 0.09 | 50 | Consumer Defensive |
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