Looking to diversify beyond UYLD? The ETFs below have the lowest correlation with UYLD — 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 UYLD.
Best Diversifiers for UYLD
1248 ETFs have low correlation with UYLD (below 0.3), 56 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.28 | — | 75 | Leveraged Currency | UYLD vs YCS | |
| Fidelity Managed Futures ETF | -0.34 | — | — | 66 | Systematic Trend | UYLD vs FFUT | |
| United States Gasoline Fund LP | -0.29 | -0.16 | — | 72 | Oil & Gas | UYLD vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.26 | -0.13 | — | 67 | Commodities | UYLD vs FAAR | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.26 | -0.11 | -0.09 | 51 | Commodities | UYLD vs PDBC |
See all 1563 diversifiers for UYLD
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