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
1133 ETFs have low correlation with UTHY (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, roughly unchanged from -0.41 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.41 | — | 73 | Leveraged Currency | UTHY vs YCS | |
| United States Gasoline Fund LP | -0.39 | -0.19 | — | 60 | Oil & Gas | UTHY vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.29 | -0.13 | — | 77 | Commodities | UTHY vs FAAR | |
| Fidelity Managed Futures ETF | -0.29 | — | — | 60 | Systematic Trend | UTHY vs FFUT | |
| VanEck Commodity Strategy ETF | -0.28 | -0.13 | — | 59 | Commodities | UTHY vs PIT |
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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 -0.08, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RenaissanceRe Holdings Ltd. | -0.08 | -0.01 | — | 77 | Financial Services | |
| NVIDIA Corporation | -0.03 | 0.00 | -0.01 | 70 | Technology | |
| TC Energy Corporation | 0.06 | 0.14 | — | 95 | Energy | |
| Amazon.com, Inc | 0.10 | 0.06 | 0.05 | 52 | Consumer Cyclical | |
| Broadcom Inc. | 0.14 | 0.04 | 0.03 | 71 | Technology |
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