Looking to diversify beyond UGL? The ETFs below have the lowest correlation with UGL — 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 UGL.
Best Diversifiers for UGL
1109 ETFs have low correlation with UGL (below 0.3), 34 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.44 | -0.43 | -0.45 | 51 | Currency | UGL vs UUP | |
| ProShares Short Bitcoin ETF | -0.26 | -0.13 | -0.16 | 57 | Cryptocurrency | UGL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.25 | -0.17 | -0.17 | 52 | Cryptocurrency, Leveraged Cryptocurrency | UGL vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | -0.16 | -0.16 | 68 | Inverse Equities, Leveraged Equities | UGL vs MSTZ | |
| ProShares UltraShort Yen | -0.23 | -0.27 | -0.38 | 72 | Leveraged Currency | UGL vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UGL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UGL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | -0.02 | 0.02 | 81 | Consumer Defensive | |
| Chubb Limited | -0.08 | -0.03 | -0.01 | 86 | Financial Services | |
| Devon Energy Corporation | -0.07 | 0.09 | 0.11 | 72 | Energy | |
| Enterprise Products Partners L.P. | -0.06 | 0.07 | 0.12 | 87 | Energy | |
| Chevron Corporation | -0.04 | 0.06 | 0.10 | 70 | Energy |
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