Looking to diversify beyond UWM? The ETFs below have the lowest correlation with UWM — 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 UWM.
Best Diversifiers for UWM
245 ETFs have low correlation with UWM (below 0.3), 52 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.48, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | -0.41 | -0.43 | 57 | Cryptocurrency | UWM vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 68 | Inverse Equities, Leveraged Equities | UWM vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.48 | -0.46 | -0.46 | 52 | Cryptocurrency, Leveraged Cryptocurrency | UWM vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 70 | Derivative Income | UWM vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.32 | -0.28 | -0.32 | 51 | Currency | UWM vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UWM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UWM and solid risk/return profiles. The least correlated is Bloom Energy Corporation (BE) (Industrials) with a 1Y correlation of 0.48, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bloom Energy Corporation | 0.48 | 0.52 | 0.61 | 98 | Industrials |
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