Looking to diversify beyond UMAY? The ETFs below have the lowest correlation with UMAY — 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 UMAY.
Best Diversifiers for UMAY
212 ETFs have low correlation with UMAY (below 0.3), 40 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.26, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | -0.07 | 0.10 | 71 | Oil & Gas | UMAY vs DBE | |
| United States Brent Oil Fund LP | -0.24 | -0.05 | 0.08 | 65 | Oil & Gas | UMAY vs BNO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | -0.04 | -0.04 | 98 | Inflation-Protected Bonds | UMAY vs IBIC | |
| Invesco DB Oil Fund | -0.21 | -0.04 | 0.09 | 65 | Oil & Gas | UMAY vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.18 | 0.00 | 0.14 | 72 | Commodities | UMAY vs GSG |
See all 1213 diversifiers for UMAY
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