Looking to balance out your exposure to UA? The ETFs below have the lowest correlation with UA — they tend to move on their own, which can help reduce risk when UA drops. The stock ideas table highlights individual companies that behave independently from UA.
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 0.23, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.23 | 0.27 | 0.45 | 73 | Nasdaq-100 | UA vs QQQ | |
| Vanguard S&P 500 ETF | 0.34 | 0.37 | 0.52 | 70 | S&P 500 | UA vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.37 | 0.52 | 70 | S&P 500 | UA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UA and solid risk/return profiles. The least correlated is International Business Machines Corporation (IBM) (Technology) with a 1Y correlation of 0.12, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| International Business Machines Corporation | 0.12 | 0.17 | 0.23 | 53 | Technology | |
| Eversource Energy | 0.12 | 0.18 | 0.17 | 51 | Utilities | |
| Tesla, Inc. | 0.15 | 0.21 | 0.30 | 55 | Consumer Cyclical | |
| UnitedHealth Group Incorporated | 0.15 | 0.06 | 0.11 | 61 | Healthcare | |
| United Natural Foods, Inc. | 0.17 | 0.26 | 0.33 | 81 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements UA
Add UA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UA