Looking to diversify beyond UTWY? The ETFs below have the lowest correlation with UTWY — 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 UTWY.
Best Diversifiers for UTWY
773 ETFs have low correlation with UTWY (below 0.3), 37 of which are negatively correlated. The least correlated is Fidelity Managed Futures ETF (FFUT) (Systematic Trend) with a 1Y correlation of -0.30, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.30 | -0.30 | -0.30 | 64 | Systematic Trend | UTWY vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.29 | -0.13 | -0.12 | 75 | Commodities | UTWY vs FAAR | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.27 | -0.12 | -0.12 | 50 | Commodities | UTWY vs CMDT | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.25 | -0.11 | -0.10 | 55 | Commodities | UTWY vs FTGC | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.23 | -0.16 | -0.16 | 53 | Commodities | UTWY vs CERY |
See all 1064 diversifiers for UTWY
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