Looking to diversify beyond UNOV? The ETFs below have historically moved differently from UNOV, 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 UNOV
201 ETFs have low correlation with UNOV (below 0.3), 41 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, 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 | -0.44 | -0.34 | — | 51 | Cryptocurrency | UNOV vs BITI | |
| Invesco DB Energy Fund | -0.31 | -0.09 | 0.02 | 66 | Oil & Gas | UNOV vs DBE | |
| Invesco DB Oil Fund | -0.25 | -0.07 | 0.03 | 51 | Oil & Gas | UNOV vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | UNOV vs IBIC | |
| Strive U.S. Energy ETF | -0.19 | 0.10 | 0.20 | 68 | Energy Equities | UNOV vs DRLL |
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