Looking to diversify beyond UMAY? The ETFs below have historically moved differently from UMAY, 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 UMAY
216 ETFs have low correlation with UMAY (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.49, down from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.49 | -0.34 | — | 61 | Cryptocurrency | UMAY vs BITI | |
| Alpha Architect Tail Risk ETF | -0.33 | -0.04 | — | 56 | Options Trading | UMAY vs CAOS | |
| Invesco DB Energy Fund | -0.25 | -0.08 | 0.08 | 72 | Oil & Gas | UMAY vs DBE | |
| United States Brent Oil Fund LP | -0.24 | -0.08 | 0.06 | 52 | Oil & Gas | UMAY vs BNO | |
| Invesco DB Oil Fund | -0.20 | -0.05 | 0.08 | 58 | Oil & Gas | UMAY vs DBO |
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