Looking to diversify beyond UMDD? The ETFs below have the lowest correlation with UMDD — 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 UMDD.
Best Diversifiers for UMDD
155 ETFs have low correlation with UMDD (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.35 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.35 | — | 57 | Cryptocurrency | UMDD vs BITI | |
| Invesco DB Energy Fund | -0.26 | -0.06 | 0.11 | 53 | Oil & Gas | UMDD vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.16 | 0.02 | 0.17 | 51 | Commodities | UMDD vs GSG | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | — | — | 98 | Inflation-Protected Bonds | UMDD vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.14 | — | — | 96 | Inflation-Protected Bonds | UMDD vs IBID |
See all 1137 diversifiers for UMDD
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