Looking to diversify beyond UTEN? The ETFs below have the lowest correlation with UTEN — 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 UTEN.
Best Diversifiers for UTEN
1136 ETFs have low correlation with UTEN (below 0.3), 52 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.47 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.47 | — | 61 | Leveraged Currency | UTEN vs YCS | |
| Fidelity Managed Futures ETF | -0.34 | -0.34 | -0.34 | 64 | Systematic Trend | UTEN vs FFUT | |
| VanEck Commodity Strategy ETF | -0.29 | -0.13 | -0.13 | 55 | Commodities | UTEN vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.28 | -0.13 | -0.13 | 70 | Commodities | UTEN vs FAAR | |
| Bastion Energy ETF | -0.25 | -0.24 | -0.24 | 75 | Energy Equities | UTEN vs BESF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UTEN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UTEN and solid risk/return profiles. The least correlated is TC Energy Corporation (TRP) (Energy) with a 1Y correlation of 0.08, roughly unchanged from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TC Energy Corporation | 0.08 | 0.14 | — | 94 | Energy | |
| Prologis, Inc. | 0.33 | 0.27 | — | 88 | Real Estate | |
| Public Storage | 0.36 | 0.35 | — | 60 | Real Estate |
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