Looking to diversify beyond UTRE? The ETFs below have the lowest correlation with UTRE — 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 UTRE.
Best Diversifiers for UTRE
947 ETFs have low correlation with UTRE (below 0.3), 78 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.37, down from -0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.37 | -0.21 | — | 65 | Oil & Gas | UTRE vs DBO | |
| Invesco DB Energy Fund | -0.37 | -0.22 | — | 71 | Oil & Gas | UTRE vs DBE | |
| United States Brent Oil Fund LP | -0.36 | -0.22 | -0.20 | 65 | Oil & Gas | UTRE vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.33 | -0.19 | — | 71 | Commodities | UTRE vs GSG | |
| iShares Commodities Select Strategy ETF | -0.32 | -0.19 | — | 71 | Commodities | UTRE vs COMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UTRE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UTRE and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.10, roughly unchanged from -0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.10 | -0.06 | — | 78 | Technology | |
| Apple Inc | 0.01 | 0.08 | 0.06 | 89 | Technology | |
| Tesla, Inc. | 0.02 | 0.00 | -0.01 | 55 | Consumer Cyclical |
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