Looking to diversify beyond ULST? The ETFs below have historically moved differently from ULST, 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 ULST
1581 ETFs have low correlation with ULST (below 0.3), 149 of which are negatively correlated. The least correlated is United States Gasoline Fund, LP (UGA) (Oil & Gas) with a 1Y correlation of -0.37, down from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund, LP | -0.37 | -0.19 | -0.14 | 83 | Oil & Gas | ULST vs UGA | |
| Invesco DB Energy Fund | -0.37 | -0.18 | -0.13 | 66 | Oil & Gas | ULST vs DBE | |
| Invesco DB Oil Fund | -0.36 | -0.17 | -0.13 | 51 | Oil & Gas | ULST vs DBO | |
| ProShares UltraShort Yen | -0.32 | -0.35 | -0.24 | 59 | Leveraged Currency | ULST vs YCS | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.31 | -0.14 | -0.10 | 61 | Commodities | ULST vs GSG |
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