Looking to diversify beyond UPGD? The ETFs below have historically moved differently from UPGD, 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 UPGD
144 ETFs have low correlation with UPGD (below 0.3), 38 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.10 | 0.11 | 72 | Oil & Gas | UPGD vs DBE | |
| ProShares Short Bitcoin ETF | -0.33 | -0.29 | — | 61 | Cryptocurrency | UPGD vs BITI | |
| United States Brent Oil Fund LP | -0.31 | -0.09 | 0.10 | 52 | Oil & Gas | UPGD vs BNO | |
| Invesco DB Oil Fund | -0.30 | -0.08 | 0.11 | 58 | Oil & Gas | UPGD vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | -0.03 | 0.16 | 67 | Commodities | UPGD vs GSG |
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