Looking to balance out your exposure to UA? The ETFs below have historically moved differently from UA, 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 UA
1 ETFs have low correlation with UA (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.20, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.20 | 0.26 | 0.44 | 58 | Nasdaq-100 | UA vs QQQ | |
| Vanguard S&P 500 ETF | 0.31 | 0.36 | 0.51 | 78 | S&P 500 | UA vs VOO | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.36 | 0.52 | 78 | S&P 500 | UA vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UA, 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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.04, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.04 | 0.04 | 0.09 | 56 | Utilities | |
| Dow Inc. | 0.04 | 0.23 | 0.32 | 73 | Basic Materials | |
| Eversource Energy | 0.08 | 0.18 | 0.19 | 62 | Utilities | |
| Tyson Foods, Inc. | 0.13 | 0.20 | 0.26 | 64 | Consumer Defensive | |
| Intel Corporation | 0.14 | 0.20 | 0.32 | 98 | Technology |
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