Looking to diversify beyond UUP? The ETFs below have the lowest correlation with UUP — 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 UUP.
Best Diversifiers for UUP
1568 ETFs have low correlation with UUP (below 0.3), 1540 of which are negatively correlated. The least correlated is VanEck Emerging Markets Bond ETF (EMBX) (Emerging Markets Bonds) with a 1Y correlation of -0.64, down from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Emerging Markets Bond ETF | -0.64 | -0.55 | -0.51 | 69 | Emerging Markets Bonds | UUP vs EMBX | |
| Schwab International Dividend Equity ETF | -0.61 | -0.61 | -0.62 | 53 | Dividend, Foreign Large Cap Equities | UUP vs SCHY | |
| Dimensional International Small Cap ETF | -0.61 | -0.59 | — | 53 | Foreign Small & Mid Cap Equities | UUP vs DFIS | |
| Dimensional International Vector Equity ETF | -0.60 | — | — | 66 | Foreign Small & Mid Cap Equities | UUP vs DXIV | |
| WisdomTree International Al Enhanced Value Fund | -0.60 | -0.60 | -0.62 | 58 | Foreign Large Cap Equities | UUP vs AIVI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UUP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UUP and solid risk/return profiles. The least correlated is Royal Bank of Canada (RY) (Financial Services) with a 1Y correlation of -0.42, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Royal Bank of Canada | -0.42 | -0.34 | -0.38 | 97 | Financial Services | |
| Bank of Montreal | -0.41 | -0.34 | -0.38 | 96 | Financial Services | |
| The Bank of Nova Scotia | -0.39 | -0.39 | -0.41 | 96 | Financial Services | |
| The Toronto-Dominion Bank | -0.39 | -0.31 | -0.35 | 98 | Financial Services | |
| BHP Group Limited | -0.38 | -0.38 | -0.40 | 93 | Basic Materials |
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