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
169 ETFs have low correlation with UMAY (below 0.3), 18 of which are negatively correlated. The least correlated is iShares iBonds Oct 2026 Term TIPS ETF (IBIC) (Inflation-Protected Bonds) with a 1Y correlation of -0.19, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | -0.04 | -0.04 | 98 | Inflation-Protected Bonds | UMAY vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.14 | 0.01 | 0.01 | 95 | Inflation-Protected Bonds | UMAY vs IBID | |
| First Trust Alternative Absolute Return Strategy E... | -0.11 | -0.00 | 0.02 | 75 | Commodities | UMAY vs FAAR | |
| Alerian Energy Infrastructure ETF | -0.10 | 0.25 | 0.42 | 57 | Energy Equities | UMAY vs ENFR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | 0.06 | 0.06 | 99 | Ultrashort Bond | UMAY vs CSHP |
See all 1083 diversifiers for UMAY
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements UMAY
Add UMAY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UMAY