Looking to diversify beyond UGA? The ETFs below have historically moved differently from UGA, 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 UGA
1648 ETFs have low correlation with UGA (below 0.3), 1576 of which are negatively correlated. The least correlated is Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) (Emerging Markets Bonds) with a 1Y correlation of -0.42, down from -0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ishares J.P. Morgan Broad USD Emerging Markets Bon... | -0.42 | -0.17 | — | 58 | Emerging Markets Bonds | UGA vs BEMB | |
| iShares Core 1-5 Year USD Bond ETF | -0.41 | -0.24 | -0.12 | 79 | Short-Term Bond | UGA vs ISTB | |
| iShares Flexible Income Active ETF | -0.40 | -0.18 | -0.16 | 70 | Multisector Bonds | UGA vs BINC | |
| Astoria Dynamic Core US Fixed Income ETF | -0.40 | — | — | 58 | Multisector Bonds | UGA vs AGGA | |
| Dimensional Short-Duration Fixed Income ETF | -0.40 | -0.26 | — | 73 | Short-Term Bond | UGA vs DFSD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UGA, 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 Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of -0.16, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | -0.16 | -0.03 | 0.04 | 95 | Communication Services | |
| The Toronto-Dominion Bank | -0.14 | 0.02 | 0.15 | 99 | Financial Services | |
| Enlight Renewable Energy Ltd. Ordinary Shares | -0.10 | -0.04 | — | 98 | Utilities | |
| SiTime Corporation | -0.09 | 0.05 | 0.08 | 89 | Technology | |
| Sandisk Corporation | -0.06 | — | — | 100 | Technology |
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