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
209 ETFs have low correlation with UPRO (below 0.3), 26 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.24, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.24 | -0.04 | 0.08 | 55 | Oil & Gas | UPRO vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | UPRO vs IBIC | |
| ProShares UltraShort Yen | -0.19 | -0.03 | -0.02 | 63 | Leveraged Currency | UPRO vs YCS | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.14 | — | — | 95 | Inflation-Protected Bonds | UPRO vs IBID | |
| iShares Enhanced Short-Term Bond Active ETF | -0.14 | — | — | 99 | Ultrashort Bond | UPRO vs CSHP |
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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 -0.20, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | 0.00 | 0.13 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.18 | 0.05 | 0.19 | 72 | Energy | |
| Duke Energy Corporation | -0.15 | 0.00 | 0.11 | 62 | Utilities | |
| Chevron Corporation | -0.14 | 0.08 | 0.22 | 70 | Energy | |
| ConocoPhillips Company | -0.13 | 0.09 | 0.21 | 65 | Energy |
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