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
457 ETFs have low correlation with UYG (below 0.3), 34 of which are negatively correlated. The least correlated is First Trust Alternative Absolute Return Strategy ETF (FAAR) (Commodities) with a 1Y correlation of -0.15, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Alternative Absolute Return Strategy E... | -0.15 | -0.05 | 0.01 | 70 | Commodities | UYG vs FAAR | |
| VanEck Commodity Strategy ETF | -0.14 | -0.02 | — | 55 | Commodities | UYG vs PIT | |
| iShares Enhanced Short-Term Bond Active ETF | -0.14 | — | — | 99 | Ultrashort Bond | UYG vs CSHP | |
| ProShares UltraShort Yen | -0.14 | -0.03 | 0.01 | 61 | Leveraged Currency | UYG vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.13 | — | — | 98 | Inflation-Protected Bonds | UYG vs IBIC |
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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 |
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