Looking to diversify beyond ULTI? The ETFs below have the lowest correlation with ULTI — 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 ULTI.
Best Diversifiers for ULTI
1 ETFs have low correlation with ULTI (below 0.3), 0 of which are negatively correlated. The least correlated is FT Vest High Yield & Target Income ETF (HYTI) (Derivative Income) with a 1Y correlation of 0.23, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FT Vest High Yield & Target Income ETF | 0.23 | 0.23 | 0.23 | 62 | Derivative Income | ULTI vs HYTI | |
| YieldMax S&P 500 0DTE Covered Call Strategy ETF | 0.49 | — | — | 70 | Derivative Income, S&P 500 | ULTI vs SDTY | |
| MRBL Enhanced Equity ETF | 0.52 | 0.52 | 0.52 | 80 | Derivative Income | ULTI vs EDGE | |
| Roundhill S&P 500 Target 20 Managed Distribution E... | 0.55 | — | — | 67 | Derivative Income, S&P 500 | ULTI vs XPAY | |
| Peerless Option Income Wheel ETF | 0.56 | — | — | 84 | Derivative Income | ULTI vs WEEL |
Diversification Analysis
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