Looking to diversify beyond ULE? The ETFs below have historically moved differently from ULE, 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 ULE
748 ETFs have low correlation with ULE (below 0.3), 43 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.56, down from -0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.56 | -0.49 | -0.45 | 56 | Leveraged Currency | ULE vs YCS | |
| TCW AAA CLO ETF | -0.32 | — | — | 99 | CLO | ULE vs ACLO | |
| United States Brent Oil Fund LP | -0.24 | -0.07 | 0.03 | 52 | Oil & Gas | ULE vs BNO | |
| Invesco DB Energy Fund | -0.22 | -0.07 | 0.03 | 72 | Oil & Gas | ULE vs DBE | |
| Invesco DB Oil Fund | -0.20 | -0.06 | 0.04 | 58 | Oil & Gas | ULE vs DBO |
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