Looking to diversify beyond UTWY? The ETFs below have historically moved differently from UTWY, 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 UTWY
825 ETFs have low correlation with UTWY (below 0.3), 70 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.42, down from -0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.42 | -0.25 | — | 72 | Oil & Gas | UTWY vs DBE | |
| United States Brent Oil Fund LP | -0.40 | -0.24 | — | 52 | Oil & Gas | UTWY vs BNO | |
| Invesco DB Oil Fund | -0.40 | -0.23 | — | 58 | Oil & Gas | UTWY vs DBO | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.39 | -0.22 | — | 58 | Commodities | UTWY vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.38 | -0.21 | — | 67 | Commodities | UTWY vs GSG |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements UTWY
Add UTWY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UTWY