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
1297 ETFs have low correlation with UGL (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.26, up from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.26 | -0.28 | -0.38 | 61 | Leveraged Currency | UGL vs YCS | |
| TCW AAA CLO ETF | -0.13 | — | — | 99 | CLO | UGL vs ACLO | |
| Pacific Global Senior Loan ETF | -0.09 | 0.00 | 0.07 | 85 | High Yield Bonds | UGL vs FLRT | |
| PIMCO Enhanced Short Maturity Active ETF | -0.08 | -0.03 | 0.11 | 100 | Ultrashort Bond | UGL vs MINT | |
| Roundhill Weekly T-Bill ETF | -0.08 | -0.08 | -0.08 | 99 | Ultrashort Bond | UGL vs WEEK |
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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 -0.10, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | -0.01 | 0.04 | 69 | Consumer Defensive | |
| Nebius Group N.V. | -0.05 | 0.03 | 0.03 | 97 | Communication Services | |
| Palo Alto Networks, Inc. | -0.05 | 0.02 | 0.02 | 67 | Technology | |
| Arm Holdings plc American Depositary Shares | -0.04 | 0.01 | 0.01 | 92 | Technology | |
| Enterprise Products Partners L.P. | -0.03 | 0.09 | 0.14 | 85 | Energy |
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Build a portfolio that complements UGL
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