Looking to diversify beyond UTHY? The ETFs below have historically moved differently from UTHY, 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 UTHY
1317 ETFs have low correlation with UTHY (below 0.3), 103 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.41, down from -0.24 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.41 | -0.24 | — | 53 | Oil & Gas | UTHY vs DBE | |
| United States Gasoline Fund, LP | -0.39 | -0.22 | -0.20 | 74 | Oil & Gas | UTHY vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.39 | -0.20 | — | 50 | Commodities | UTHY vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.37 | -0.19 | -0.16 | 58 | Commodities | UTHY vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.37 | -0.19 | -0.16 | 56 | Commodities | UTHY vs DBC |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UTHY, 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 RenaissanceRe Holdings Ltd. (RNR) (Financial Services) with a 1Y correlation of -0.06, roughly unchanged from -0.00 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RenaissanceRe Holdings Ltd. | -0.06 | -0.00 | — | 82 | Financial Services | |
| NVIDIA Corporation | 0.02 | 0.01 | — | 59 | Technology | |
| TC Energy Corporation | 0.04 | 0.13 | — | 92 | Energy | |
| Enbridge Inc. | 0.07 | 0.16 | — | 78 | Energy | |
| Apple Inc | 0.14 | 0.13 | — | 90 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements UTHY
Add UTHY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UTHY