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
269 ETFs have low correlation with UWM (below 0.3), 63 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.02 | 0.12 | 71 | Oil & Gas | UWM vs DBE | |
| United States Oil Fund LP | -0.27 | -0.01 | 0.12 | 66 | Oil & Gas | UWM vs USO | |
| United States Brent Oil Fund LP | -0.26 | -0.01 | 0.12 | 65 | Oil & Gas | UWM vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | -0.05 | -0.05 | 56 | Derivative Income | UWM vs USOY | |
| United States 12 Month Oil Fund LP | -0.23 | 0.03 | 0.14 | 56 | Oil & Gas | UWM vs USL |
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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 0.45, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bloom Energy Corporation | 0.45 | 0.53 | 0.60 | 99 | Industrials |
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