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
1244 ETFs have low correlation with UYLD (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, down from -0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.27 | — | 61 | Leveraged Currency | UYLD vs YCS | |
| Fidelity Managed Futures ETF | -0.31 | — | — | 64 | Systematic Trend | UYLD vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.25 | -0.13 | — | 70 | Commodities | UYLD vs FAAR | |
| VanEck Commodity Strategy ETF | -0.22 | -0.10 | — | 55 | Commodities | UYLD vs PIT | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.20 | -0.14 | -0.14 | 50 | Commodities | UYLD vs CERY |
See all 1577 diversifiers for UYLD
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