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
1048 ETFs have low correlation with UTEN (below 0.3), 67 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.48 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.48 | — | 75 | Leveraged Currency | UTEN vs YCS | |
| United States Gasoline Fund LP | -0.42 | -0.22 | — | 72 | Oil & Gas | UTEN vs UGA | |
| Fidelity Managed Futures ETF | -0.37 | — | — | 66 | Systematic Trend | UTEN vs FFUT | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.35 | -0.18 | -0.14 | 51 | Commodities | UTEN vs PDBC | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.31 | -0.13 | — | 65 | Commodities | UTEN vs SDCI |
To view more results, upgrade your current subscription plan.
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 0.07, roughly unchanged from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TC Energy Corporation | 0.07 | 0.13 | — | 95 | Energy | |
| Enbridge Inc. | 0.07 | 0.18 | 0.17 | 87 | Energy | |
| Prologis, Inc. | 0.32 | 0.26 | — | 86 | Real Estate | |
| Public Storage | 0.34 | 0.34 | — | 64 | Real Estate |
Build a portfolio that complements UTEN
Add UTEN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UTEN