Looking to diversify beyond UYM? The ETFs below have historically moved differently from UYM, 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 UYM
220 ETFs have low correlation with UYM (below 0.3), 18 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.05 | 0.15 | 72 | Oil & Gas | UYM vs DBE | |
| ProShares Short Bitcoin ETF | -0.24 | -0.22 | — | 61 | Cryptocurrency | UYM vs BITI | |
| United States Brent Oil Fund LP | -0.23 | -0.04 | 0.13 | 52 | Oil & Gas | UYM vs BNO | |
| Alpha Architect Tail Risk ETF | -0.23 | -0.08 | — | 56 | Options Trading | UYM vs CAOS | |
| Invesco DB Oil Fund | -0.21 | -0.02 | 0.15 | 58 | Oil & Gas | UYM vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UYM, 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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.27, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.27 | 0.35 | 0.39 | 77 | Real Estate |
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