Looking to diversify beyond ULTY? The ETFs below have the lowest correlation with ULTY — 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 ULTY.
Best Diversifiers for ULTY
302 ETFs have low correlation with ULTY (below 0.3), 32 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.65, roughly unchanged from -0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.65 | -0.61 | -0.61 | 65 | Inverse Equities, Leveraged Equities | ULTY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.62 | — | — | 64 | Derivative Income | ULTY vs WNTR | |
| Brookstone Ultra-Short Bond ETF | -0.15 | — | — | 99 | Ultrashort Bond | ULTY vs BAMU | |
| United States Gasoline Fund LP | -0.15 | — | — | 64 | Oil & Gas | ULTY vs UGA | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | — | — | 100 | Government Bonds, Ultrashort Bond | ULTY vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ULTY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ULTY and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.28, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.28 | -0.12 | -0.12 | 77 | Financial Services | |
| The Coca-Cola Company | -0.25 | — | — | 79 | Consumer Defensive | |
| Verizon Communications Inc. | -0.24 | — | — | 67 | Communication Services | |
| Duke Energy Corporation | -0.19 | -0.16 | -0.16 | 68 | Utilities | |
| Johnson & Johnson | -0.17 | -0.14 | -0.14 | 97 | Healthcare |
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Build a portfolio that complements ULTY
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