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
590 ETFs have low correlation with USML (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.19, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.19 | -0.08 | -0.07 | 63 | Leveraged Currency | USML vs YCS | |
| United States 12 Month Oil Fund LP | -0.16 | -0.06 | 0.05 | 56 | Oil & Gas | USML vs USL | |
| Invesco DB Energy Fund | -0.15 | -0.07 | 0.05 | 71 | Oil & Gas | USML vs DBE | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.15 | -0.05 | 0.05 | 56 | Oil & Gas | USML vs OILK | |
| ProShares Ultra Bloomberg Crude Oil | -0.14 | -0.06 | 0.05 | 56 | Leveraged Commodities | USML vs UCO |
See all 1662 diversifiers for USML
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