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
1424 ETFs have low correlation with UTSL (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.16, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.16 | -0.15 | -0.13 | 61 | Leveraged Currency | UTSL vs YCS | |
| KraneShares Sustainable Ultra Short Duration Index... | -0.14 | — | — | 95 | Ultrashort Bond | UTSL vs KCSH | |
| Invesco BulletShares 2026 Corporate Bond ETF | -0.12 | 0.14 | 0.21 | 99 | Corporate Bonds | UTSL vs BSCQ | |
| BlackRock Floating Rate Loan ETF | -0.12 | 0.05 | — | 52 | Bank Loan | UTSL vs BRLN | |
| Eaton Vance Floating-Rate ETF | -0.11 | — | — | 73 | Bank Loan | UTSL vs EVLN |
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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 Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.64, roughly unchanged from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.64 | 0.68 | 0.71 | 78 | Financial Services | |
| American Electric Power Company, Inc. | 0.80 | 0.77 | 0.83 | 79 | Utilities |
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