Looking to diversify beyond UTEN? The ETFs below have historically moved differently from UTEN, 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 UTEN
1074 ETFs have low correlation with UTEN (below 0.3), 106 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.49 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.49 | — | 56 | Leveraged Currency | UTEN vs YCS | |
| Invesco DB Energy Fund | -0.44 | -0.26 | — | 72 | Oil & Gas | UTEN vs DBE | |
| United States Gasoline Fund, LP | -0.42 | -0.24 | — | 87 | Oil & Gas | UTEN vs UGA | |
| United States Brent Oil Fund LP | -0.41 | -0.24 | — | 52 | Oil & Gas | UTEN vs BNO | |
| Invesco DB Oil Fund | -0.41 | -0.24 | — | 58 | Oil & Gas | UTEN vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UTEN, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is TC Energy Corporation (TRP) (Energy) with a 1Y correlation of 0.07, roughly unchanged from 0.13 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TC Energy Corporation | 0.07 | 0.13 | — | 95 | Energy | |
| Enbridge Inc. | 0.08 | 0.18 | — | 85 | Energy | |
| Public Storage | 0.30 | 0.33 | — | 73 | Real Estate | |
| Prologis, Inc. | 0.30 | 0.26 | — | 90 | Real Estate |
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