Looking to diversify beyond UPW? The ETFs below have historically moved differently from UPW, 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 UPW
1543 ETFs have low correlation with UPW (below 0.3), 83 of which are negatively correlated. The least correlated is Fidelity Cloud Computing ETF (FCLD) (Technology Equities) with a 1Y correlation of -0.14, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Cloud Computing ETF | -0.14 | 0.03 | 0.15 | 56 | Technology Equities, Cloud Computing | UPW vs FCLD | |
| ProShares UltraShort Yen | -0.12 | -0.16 | -0.13 | 56 | Leveraged Currency | UPW vs YCS | |
| Proshares Ultrashort Bitcoin ETF | -0.12 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | UPW vs SBIT | |
| ProShares Short Bitcoin ETF | -0.12 | -0.12 | — | 61 | Cryptocurrency | UPW vs BITI | |
| Invesco BulletShares 2026 Corporate Bond ETF | -0.12 | 0.12 | 0.20 | 99 | Corporate Bonds | UPW vs BSCQ |
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