Looking to diversify beyond UTSL? The ETFs below have the lowest correlation with UTSL — 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 UTSL.
Best Diversifiers for UTSL
1432 ETFs have low correlation with UTSL (below 0.3), 78 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.17, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.17 | -0.16 | -0.14 | 72 | Leveraged Currency | UTSL vs YCS | |
| Proshares Ultrashort Bitcoin ETF | -0.14 | -0.13 | -0.13 | 52 | Cryptocurrency, Leveraged Cryptocurrency | UTSL vs SBIT | |
| ProShares Short Bitcoin ETF | -0.13 | -0.13 | -0.13 | 57 | Cryptocurrency | UTSL vs BITI | |
| Fidelity Managed Futures ETF | -0.12 | — | — | 71 | Systematic Trend | UTSL vs FFUT | |
| Invesco DB Energy Fund | -0.12 | -0.04 | 0.03 | 53 | Oil & Gas | UTSL vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UTSL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UTSL and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.46, roughly unchanged from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.46 | 0.49 | 0.54 | 74 | Real Estate | |
| Reaves Utility Income Trust | 0.54 | 0.61 | 0.66 | 74 | Financial Services | |
| American Electric Power Company, Inc. | 0.81 | 0.77 | 0.83 | 88 | Utilities |
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