Looking to diversify beyond UNL? The ETFs below have the lowest correlation with UNL — 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 UNL.
Best Diversifiers for UNL
1580 ETFs have low correlation with UNL (below 0.3), 1485 of which are negatively correlated. The least correlated is First Trust Institutional Preferred Securities & Income ETF (FPEI) (Preferred Stock/Convertible Bonds) with a 1Y correlation of -0.31, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Institutional Preferred Securities & I... | -0.31 | -0.07 | 0.01 | 70 | Preferred Stock/Convertible Bonds | UNL vs FPEI | |
| First Trust Rising Dividend Achievers ETF | -0.31 | -0.05 | 0.06 | 57 | Large Cap Blend Equities, Dividend | UNL vs RDVY | |
| Innovator Russell 2000 Power Buffer ETF - July | -0.31 | -0.07 | 0.02 | 81 | Defined Outcome | UNL vs KJUL | |
| FT Cboe Vest Rising Dividend Achievers Target Inco... | -0.30 | -0.04 | — | 58 | Derivative Income | UNL vs RDVI | |
| Pacer BlueStar Engineering the Future ETF | -0.30 | -0.09 | — | 71 | Technology Equities | UNL vs BULD |
See all 1591 diversifiers for UNL
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