Looking to diversify beyond ULE? The ETFs below have the lowest correlation with ULE — 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 ULE.
Best Diversifiers for ULE
700 ETFs have low correlation with ULE (below 0.3), 18 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.60, down from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.60 | -0.48 | -0.45 | 61 | Leveraged Currency | ULE vs YCS | |
| TCW AAA CLO ETF | -0.30 | — | — | 99 | CLO | ULE vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.15 | — | — | 99 | Ultrashort Bond | ULE vs CSHP | |
| Fidelity Managed Futures ETF | -0.13 | — | — | 64 | Systematic Trend | ULE vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.08 | -0.01 | 0.02 | 70 | Commodities | ULE vs FAAR |
See all 1143 diversifiers for ULE
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Diversification Analysis
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