Looking to diversify beyond UYG? The ETFs below have the lowest correlation with UYG — 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 UYG.
Best Diversifiers for UYG
534 ETFs have low correlation with UYG (below 0.3), 46 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.25, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | -0.27 | -0.27 | 60 | Inverse Equities, Leveraged Equities | UYG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.22 | -0.27 | -0.27 | 65 | Derivative Income | UYG vs WNTR | |
| United States Gasoline Fund LP | -0.18 | -0.05 | 0.09 | 72 | Oil & Gas | UYG vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | -0.16 | -0.16 | 97 | Inflation-Protected Bonds | UYG vs RBIL | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.14 | -0.02 | 0.14 | 51 | Commodities | UYG vs PDBC |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UYG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UYG and solid risk/return profiles. The least correlated is JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.75, roughly unchanged from 0.81 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | 0.75 | 0.79 | 0.81 | 69 | Financial Services |
Build a portfolio that complements UYG
Add UYG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UYG