Looking to diversify beyond UUP? The ETFs below have historically moved differently from UUP, 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 UUP
1723 ETFs have low correlation with UUP (below 0.3), 1644 of which are negatively correlated. The least correlated is iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) (Emerging Markets Bonds) with a 1Y correlation of -0.66, roughly unchanged from -0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares J.P. Morgan EM Local Currency Bond ETF | -0.66 | -0.71 | -0.72 | 55 | Emerging Markets Bonds | UUP vs LEMB | |
| Invesco CurrencyShares Australian Dollar Trust | -0.65 | -0.70 | -0.69 | 55 | Currency | UUP vs FXA | |
| VanEck Emerging Markets Bond ETF | -0.63 | -0.56 | -0.51 | 79 | Emerging Markets Bonds | UUP vs EMBX | |
| First Trust Horizon Managed Volatility Developed I... | -0.62 | -0.63 | -0.64 | 65 | Foreign Large Cap Equities, Low Volatility | UUP vs HDMV | |
| WisdomTree International SmallCap Dividend | -0.61 | -0.58 | -0.61 | 53 | Foreign Small & Mid Cap Equities, Dividend | UUP vs DLS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UUP, 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 Royal Bank of Canada (RY) (Financial Services) with a 1Y correlation of -0.43, roughly unchanged from -0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Royal Bank of Canada | -0.43 | -0.37 | -0.40 | 98 | Financial Services | |
| Sprott Physical Gold Trust | -0.42 | -0.43 | -0.45 | 64 | Financial Services | |
| HSBC Holdings plc | -0.41 | -0.33 | -0.34 | 96 | Financial Services | |
| Rio Tinto Group | -0.40 | -0.39 | -0.40 | 92 | Basic Materials | |
| The Bank of Nova Scotia | -0.39 | -0.42 | -0.44 | 97 | Financial Services |
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