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
376 ETFs have low correlation with UFO (below 0.3), 37 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 68 | Inverse Equities, Leveraged Equities | UFO vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | UFO vs WNTR | |
| ProShares Short Bitcoin ETF | -0.43 | -0.33 | -0.35 | 57 | Cryptocurrency | UFO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | UFO vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.27 | -0.24 | -0.29 | 51 | Currency | UFO vs UUP |
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 -0.15, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.15 | -0.02 | 0.10 | 83 | Consumer Defensive | |
| Altria Group, Inc. | -0.13 | 0.03 | 0.12 | 81 | Consumer Defensive | |
| Duke Energy Corporation | -0.13 | -0.03 | 0.07 | 66 | Utilities | |
| Verizon Communications Inc. | -0.12 | 0.00 | 0.09 | 57 | Communication Services | |
| Waste Management, Inc. | -0.10 | 0.01 | 0.11 | 53 | Industrials |
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