Looking to diversify beyond UTHY? The ETFs below have the lowest correlation with UTHY — 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 UTHY.
Best Diversifiers for UTHY
1271 ETFs have low correlation with UTHY (below 0.3), 93 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.39, down from -0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.39 | -0.23 | — | 58 | Oil & Gas | UTHY vs DBE | |
| United States Gasoline Fund LP | -0.39 | -0.20 | — | 84 | Oil & Gas | UTHY vs UGA | |
| ProShares UltraShort Yen | -0.37 | -0.41 | — | 67 | Leveraged Currency | UTHY vs YCS | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.37 | -0.20 | — | 53 | Commodities | UTHY vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.36 | -0.19 | -0.17 | 57 | Commodities | UTHY vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UTHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UTHY and solid risk/return profiles. The least correlated is RenaissanceRe Holdings Ltd. (RNR) (Financial Services) with a 1Y correlation of -0.06, roughly unchanged from -0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RenaissanceRe Holdings Ltd. | -0.06 | -0.00 | — | 81 | Financial Services | |
| NVIDIA Corporation | -0.02 | 0.01 | — | 66 | Technology | |
| TC Energy Corporation | 0.05 | 0.13 | — | 95 | Energy | |
| Enbridge Inc. | 0.06 | 0.17 | 0.15 | 88 | Energy | |
| Apple Inc | 0.11 | 0.13 | — | 93 | Technology |
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