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
297 ETFs have low correlation with UFO (below 0.3), 23 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.15, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.15 | -0.08 | -0.08 | 63 | Leveraged Currency | UFO vs YCS | |
| United States Gasoline Fund LP | -0.12 | -0.02 | 0.06 | 55 | Oil & Gas | UFO vs UGA | |
| Brookstone Ultra-Short Bond ETF | -0.11 | — | — | 98 | Ultrashort Bond | UFO vs BAMU | |
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.02 | -0.01 | 100 | Government Bonds, Ultrashort Bond | UFO vs USFR | |
| Brookmont Catastrophic Bond ETF | -0.09 | -0.07 | -0.07 | 96 | Nontraditional Bonds | UFO vs ILS |
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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 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.13 | -0.02 | 0.10 | 74 | Consumer Defensive | |
| Duke Energy Corporation | -0.11 | -0.01 | 0.06 | 62 | Utilities | |
| Altria Group, Inc. | -0.09 | 0.05 | 0.14 | 72 | Consumer Defensive | |
| Verizon Communications Inc. | -0.07 | 0.02 | 0.09 | 66 | Communication Services | |
| PepsiCo, Inc. | -0.06 | 0.02 | 0.09 | 61 | Consumer Defensive |
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Build a portfolio that complements UFO
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