Looking to diversify beyond UGL? The ETFs below have historically moved differently from UGL, 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 UGL
1037 ETFs have low correlation with UGL (below 0.3), 55 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.28, down from -0.14 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.28 | -0.14 | — | 61 | Cryptocurrency | UGL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | UGL vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.25 | — | — | 75 | Derivative Income | UGL vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.24 | — | — | 61 | Inverse Equities, Leveraged Equities | UGL vs MSTZ | |
| ProShares UltraShort Yen | -0.22 | -0.27 | -0.37 | 56 | Leveraged Currency | UGL vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UGL, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | -0.04 | 0.00 | 66 | Consumer Defensive | |
| Chubb Limited | -0.13 | -0.03 | -0.02 | 89 | Financial Services | |
| Enterprise Products Partners L.P. | -0.11 | 0.05 | 0.11 | 89 | Energy | |
| Verizon Communications Inc. | -0.07 | 0.03 | 0.06 | 66 | Communication Services | |
| Chevron Corporation | -0.06 | 0.05 | 0.09 | 80 | Energy |
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