Looking to diversify beyond ULVM? The ETFs below have the lowest correlation with ULVM — 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 ULVM.
Best Diversifiers for ULVM
207 ETFs have low correlation with ULVM (below 0.3), 22 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.08 | -0.03 | 63 | Leveraged Currency | ULVM vs YCS | |
| United States Gasoline Fund LP | -0.19 | -0.03 | 0.12 | 55 | Oil & Gas | ULVM vs UGA | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | ULVM vs USFR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | — | — | 99 | Ultrashort Bond | ULVM vs CSHP | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.10 | 0.04 | 0.04 | 95 | Inflation-Protected Bonds | ULVM vs IBID |
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