Looking to diversify beyond UYG? The ETFs below have historically moved differently from UYG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for UYG
560 ETFs have low correlation with UYG (below 0.3), 77 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.12 | 0.07 | 72 | Oil & Gas | UYG vs DBE | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 61 | Inverse Equities, Leveraged Equities | UYG vs MSTZ | |
| Invesco DB Oil Fund | -0.26 | -0.10 | 0.07 | 58 | Oil & Gas | UYG vs DBO | |
| United States Brent Oil Fund LP | -0.25 | -0.10 | 0.06 | 52 | Oil & Gas | UYG vs BNO | |
| ProShares Short Bitcoin ETF | -0.23 | -0.26 | — | 61 | Cryptocurrency | UYG vs BITI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UYG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.48, down from 0.74 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.48 | 0.67 | 0.74 | 61 | Financial Services | |
| JPMorgan Chase & Co. | 0.74 | 0.78 | 0.81 | 71 | Financial Services |
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