Looking to diversify beyond UTES? The ETFs below have historically moved differently from UTES, 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 UTES
841 ETFs have low correlation with UTES (below 0.3), 82 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.25 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | UTES vs SBIT | |
| ProShares Short Bitcoin ETF | -0.25 | -0.21 | — | 61 | Cryptocurrency | UTES vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.21 | — | — | 61 | Inverse Equities, Leveraged Equities | UTES vs MSTZ | |
| Alpha Architect Tail Risk ETF | -0.19 | -0.08 | — | 56 | Options Trading | UTES vs CAOS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.18 | — | — | 75 | Derivative Income | UTES vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UTES, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.11 | 0.10 | 0.29 | 90 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.09 | 0.10 | 0.17 | 84 | Energy | |
| Colgate-Palmolive Company | -0.09 | 0.07 | 0.25 | 59 | Consumer Defensive | |
| Chubb Limited | -0.08 | 0.11 | 0.25 | 89 | Financial Services | |
| ConocoPhillips Company | -0.06 | 0.12 | 0.18 | 72 | Energy |
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