Looking to diversify beyond URNJ? The ETFs below have historically moved differently from URNJ, 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 URNJ
683 ETFs have low correlation with URNJ (below 0.3), 130 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | — | — | 75 | Derivative Income | URNJ vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 61 | Inverse Equities, Leveraged Equities | URNJ vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | URNJ vs SBIT | |
| ProShares Short Bitcoin ETF | -0.32 | -0.23 | — | 61 | Cryptocurrency | URNJ vs BITI | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | — | — | 98 | Inflation-Protected Bonds | URNJ vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for URNJ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Bank of America Corporation (BAC) (Financial Services) with a 1Y correlation of 0.15, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bank of America Corporation | 0.15 | 0.14 | 0.15 | 81 | Financial Services | |
| Uranium Energy Corp. | 0.85 | 0.85 | — | 51 | Energy |
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