Looking to diversify beyond USTB? The ETFs below have historically moved differently from USTB, 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 USTB
1135 ETFs have low correlation with USTB (below 0.3), 105 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.45 | -0.44 | 56 | Leveraged Currency | USTB vs YCS | |
| United States Brent Oil Fund LP | -0.37 | -0.19 | -0.08 | 52 | Oil & Gas | USTB vs BNO | |
| United States Oil Fund LP | -0.37 | -0.19 | -0.07 | 55 | Oil & Gas | USTB vs USO | |
| Invesco DB Energy Fund | -0.37 | -0.20 | -0.07 | 72 | Oil & Gas | USTB vs DBE | |
| Fidelity Managed Futures ETF | -0.36 | — | — | 88 | Systematic Trend, Actively Managed | USTB vs FFUT |
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