Looking to diversify beyond USL? The ETFs below have the lowest correlation with USL — 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 USL.
Best Diversifiers for USL
1532 ETFs have low correlation with USL (below 0.3), 1471 of which are negatively correlated. The least correlated is Avantis Credit ETF (AVGB) (Global Bonds) with a 1Y correlation of -0.44, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.44 | -0.40 | -0.40 | 53 | Global Bonds | USL vs AVGB | |
| Neos Enhanced Income Aggregate Bond ETF | -0.42 | -0.21 | -0.14 | 50 | Intermediate Core-Plus Bond | USL vs BNDI | |
| Astoria Dynamic Core US Fixed Income ETF | -0.41 | -0.39 | -0.39 | 73 | Multisector Bonds | USL vs AGGA | |
| Federated Hermes Short Duration Corporate ETF | -0.40 | -0.18 | — | 71 | Short-Term Bond | USL vs FCSH | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.40 | -0.22 | -0.09 | 52 | Nontraditional Bonds | USL vs UCON |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from USL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to USL and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of 0.64, roughly unchanged from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | 0.64 | 0.63 | 0.64 | 76 | Energy |
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