Looking to diversify beyond UGA? The ETFs below have the lowest correlation with UGA — 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 UGA.
Best Diversifiers for UGA
1547 ETFs have low correlation with UGA (below 0.3), 1492 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.47 | — | — | 50 | Global Bonds | UGA vs AVGB | |
| FlexShares Credit-Scored US Corporate Bond Index F... | -0.43 | -0.20 | -0.12 | 50 | Corporate Bonds | UGA vs SKOR | |
| iShares Flexible Income Active ETF | -0.42 | -0.15 | -0.15 | 68 | Multisector Bonds | UGA vs BINC | |
| Astoria Dynamic Core US Fixed Income ETF | -0.42 | — | — | 66 | Multisector Bonds | UGA vs AGGA | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.42 | -0.20 | -0.10 | 50 | Nontraditional Bonds | UGA vs UCON |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UGA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UGA and solid risk/return profiles. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of -0.21, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | -0.21 | -0.03 | 0.05 | 96 | Communication Services | |
| The Toronto-Dominion Bank | -0.18 | 0.03 | 0.16 | 98 | Financial Services | |
| Enlight Renewable Energy Ltd. Ordinary Shares | -0.13 | -0.04 | -0.03 | 98 | Utilities | |
| SiTime Corporation | -0.12 | 0.03 | 0.07 | 93 | Technology | |
| Sandisk Corporation | -0.07 | — | — | 100 | Technology |
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