Looking to diversify beyond UMMA? The ETFs below have historically moved differently from UMMA, 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 UMMA
333 ETFs have low correlation with UMMA (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, roughly unchanged from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.33 | — | 61 | Cryptocurrency | UMMA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | UMMA vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 61 | Inverse Equities, Leveraged Equities | UMMA vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 75 | Derivative Income | UMMA vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.32 | -0.06 | — | 56 | Options Trading | UMMA vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UMMA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.31, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.31 | -0.05 | 0.10 | 89 | Financial Services | |
| Altria Group, Inc. | -0.29 | -0.06 | 0.03 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.24 | -0.07 | 0.04 | 56 | Utilities | |
| ConocoPhillips Company | -0.21 | 0.02 | 0.12 | 72 | Energy | |
| The Coca-Cola Company | -0.20 | -0.01 | 0.12 | 90 | Consumer Defensive |
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