Looking to diversify beyond UYLD? The ETFs below have historically moved differently from UYLD, 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 UYLD
1331 ETFs have low correlation with UYLD (below 0.3), 97 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, roughly unchanged from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.28 | — | 56 | Leveraged Currency | UYLD vs YCS | |
| Fidelity Managed Futures ETF | -0.33 | — | — | 88 | Systematic Trend, Actively Managed | UYLD vs FFUT | |
| Invesco DB Oil Fund | -0.33 | -0.16 | — | 58 | Oil & Gas | UYLD vs DBO | |
| Invesco DB Energy Fund | -0.32 | -0.16 | — | 72 | Oil & Gas | UYLD vs DBE | |
| United States Oil Fund LP | -0.31 | -0.15 | -0.13 | 55 | Oil & Gas | UYLD vs USO |
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