Looking to diversify beyond UJAN? The ETFs below have historically moved differently from UJAN, 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 UJAN
202 ETFs have low correlation with UJAN (below 0.3), 48 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, down from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.34 | — | 61 | Cryptocurrency | UJAN vs BITI | |
| Alpha Architect Tail Risk ETF | -0.37 | -0.03 | — | 56 | Options Trading | UJAN vs CAOS | |
| Invesco DB Energy Fund | -0.31 | -0.10 | -0.00 | 72 | Oil & Gas | UJAN vs DBE | |
| United States Brent Oil Fund LP | -0.29 | -0.08 | -0.01 | 52 | Oil & Gas | UJAN vs BNO | |
| Invesco DB Oil Fund | -0.25 | -0.06 | 0.01 | 58 | Oil & Gas | UJAN vs DBO |
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