The word "uncorrelated" means that two things are not related or connected to each other. They do not have any influence or impact on each other. Full definition
Private market investments provide vital diversification into assets uncorrelated with stocks and bonds, which can improve risk - adjusted returns through higher yield potential, lower beta, and greater protection from market volatility. (fundrise.com)
Modern Portfolio Theory tells us to hold a diverse set of uncorrelated asset classes and to rebalance them on a routine basis. (early-retirement-planning-insights.com)
16) Academics who encouraged a naive view of diversification, and their followers who believe in uncorrelated returns. (alephblog.com)