Looking to diversify beyond UTES? The ETFs below have the lowest correlation with UTES — 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 UTES.
Best Diversifiers for UTES
676 ETFs have low correlation with UTES (below 0.3), 48 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.21, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.21 | -0.23 | -0.23 | 60 | Inverse Equities, Leveraged Equities | UTES vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.18 | — | — | 65 | Derivative Income | UTES vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | -0.11 | -0.11 | 97 | Inflation-Protected Bonds | UTES vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.16 | — | — | 96 | Inflation-Protected Bonds | UTES vs IBID | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.02 | -0.02 | 100 | Ultrashort Bond | UTES vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UTES, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UTES and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.11, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.11 | 0.10 | 0.16 | 71 | Energy | |
| The Coca-Cola Company | -0.11 | 0.12 | 0.30 | 82 | Consumer Defensive | |
| Palo Alto Networks, Inc. | -0.08 | 0.09 | 0.14 | 82 | Technology | |
| Chevron Corporation | -0.08 | 0.11 | 0.17 | 67 | Energy | |
| Chubb Limited | -0.07 | 0.11 | 0.25 | 83 | Financial Services |
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Build a portfolio that complements UTES
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