Looking to diversify beyond UMAR? The ETFs below have the lowest correlation with UMAR — 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 UMAR.
Best Diversifiers for UMAR
180 ETFs have low correlation with UMAR (below 0.3), 38 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.08 | 0.06 | 71 | Oil & Gas | UMAR vs DBE | |
| United States Brent Oil Fund LP | -0.29 | -0.08 | 0.04 | 65 | Oil & Gas | UMAR vs BNO | |
| Invesco DB Oil Fund | -0.25 | -0.06 | 0.06 | 65 | Oil & Gas | UMAR vs DBO | |
| iShares Commodities Select Strategy ETF | -0.23 | -0.02 | 0.10 | 72 | Commodities | UMAR vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.22 | -0.01 | 0.11 | 72 | Commodities | UMAR vs GSG |
See all 1216 diversifiers for UMAR
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