Looking to diversify beyond USML? The ETFs below have the lowest correlation with USML — 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 USML.
Best Diversifiers for USML
423 ETFs have low correlation with USML (below 0.3), 13 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.09 | -0.07 | 63 | Leveraged Currency | USML vs YCS | |
| United States Gasoline Fund LP | -0.13 | -0.04 | 0.05 | 55 | Oil & Gas | USML vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.05 | — | — | 98 | Inflation-Protected Bonds | USML vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.05 | -0.00 | -0.01 | 100 | Government Bonds, Ultrashort Bond | USML vs USFR | |
| Breakwave Dry Bulk Shipping ETF | -0.04 | -0.00 | 0.01 | 75 | Commodities | USML vs BDRY |
See all 1474 diversifiers for USML
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