Looking to diversify beyond UPRO? The ETFs below have the lowest correlation with UPRO — 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 UPRO.
Best Diversifiers for UPRO
277 ETFs have low correlation with UPRO (below 0.3), 68 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.06 | 0.09 | 71 | Oil & Gas | UPRO vs DBE | |
| United States Oil Fund LP | -0.31 | -0.07 | 0.08 | 66 | Oil & Gas | UPRO vs USO | |
| United States Brent Oil Fund LP | -0.30 | -0.05 | 0.08 | 65 | Oil & Gas | UPRO vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | — | — | 56 | Derivative Income | UPRO vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | -0.04 | 0.10 | 55 | Oil & Gas | UPRO vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UPRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UPRO and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | 0.02 | 0.15 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.15 | 0.06 | 0.20 | 85 | Energy | |
| Duke Energy Corporation | -0.14 | -0.00 | 0.12 | 53 | Utilities | |
| ConocoPhillips Company | -0.11 | 0.09 | 0.22 | 76 | Energy | |
| Chevron Corporation | -0.11 | 0.09 | 0.22 | 83 | Energy |
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