Looking to diversify beyond ULVM? The ETFs below have historically moved differently from ULVM, 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 ULVM
266 ETFs have low correlation with ULVM (below 0.3), 41 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.33, roughly unchanged from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | -0.32 | — | 51 | Cryptocurrency | ULVM vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.29 | — | — | 69 | Derivative Income | ULVM vs WNTR | |
| Invesco DB Energy Fund | -0.24 | -0.06 | 0.12 | 66 | Oil & Gas | ULVM vs DBE | |
| Invesco DB Oil Fund | -0.21 | -0.04 | 0.11 | 51 | Oil & Gas | ULVM vs DBO | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.21 | -0.15 | -0.06 | 51 | Nontraditional Bonds | ULVM vs RISR |
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