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
199 ETFs have low correlation with UWM (below 0.3), 30 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.22, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.22 | -0.01 | 0.11 | 55 | Oil & Gas | UWM vs UGA | |
| ProShares UltraShort Yen | -0.21 | -0.09 | -0.05 | 63 | Leveraged Currency | UWM vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | — | — | 98 | Inflation-Protected Bonds | UWM vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | UWM vs USFR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.16 | — | — | 99 | Ultrashort Bond | UWM vs CSHP |
To view more results, upgrade your current subscription plan.
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 0.45, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bloom Energy Corporation | 0.45 | 0.52 | 0.60 | 99 | Industrials |
Build a portfolio that complements UWM
Add UWM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UWM