Looking to diversify beyond UTSL? The ETFs below have historically moved differently from UTSL, 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 UTSL
1552 ETFs have low correlation with UTSL (below 0.3), 82 of which are negatively correlated. The least correlated is Fidelity Cloud Computing ETF (FCLD) (Technology Equities) with a 1Y correlation of -0.13, down from 0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Cloud Computing ETF | -0.13 | 0.04 | — | 56 | Technology Equities, Cloud Computing | UTSL vs FCLD | |
| ProShares UltraShort Yen | -0.12 | -0.16 | -0.13 | 56 | Leveraged Currency | UTSL vs YCS | |
| Proshares Ultrashort Bitcoin ETF | -0.11 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | UTSL vs SBIT | |
| ProShares Short Bitcoin ETF | -0.11 | -0.12 | — | 61 | Cryptocurrency | UTSL vs BITI | |
| Invesco BulletShares 2026 Corporate Bond ETF | -0.11 | 0.12 | 0.20 | 99 | Corporate Bonds | UTSL vs BSCQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UTSL, 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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.49, roughly unchanged from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.49 | 0.50 | 0.54 | 77 | Real Estate | |
| Reaves Utility Income Trust | 0.53 | 0.60 | 0.65 | 55 | Financial Services | |
| American Electric Power Company, Inc. | 0.80 | 0.74 | 0.79 | 72 | Utilities |
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