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
2 ETFs have low correlation with UA (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.22, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.22 | -0.18 | -0.23 | 51 | Currency | UA vs UUP | |
| Invesco QQQ ETF | 0.24 | 0.27 | 0.46 | 58 | Nasdaq-100 | UA vs QQQ | |
| Vanguard S&P 500 ETF | 0.35 | 0.38 | 0.52 | 66 | S&P 500 | UA vs VOO | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.38 | 0.52 | 66 | 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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.01, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.01 | 0.04 | 0.09 | 70 | Utilities | |
| Dow Inc. | 0.08 | 0.24 | 0.33 | 51 | Basic Materials | |
| Eversource Energy | 0.11 | 0.18 | 0.18 | 68 | Utilities | |
| Tyson Foods, Inc. | 0.14 | 0.20 | 0.26 | 58 | Consumer Defensive | |
| Bristol-Myers Squibb Company | 0.16 | 0.23 | 0.19 | 80 | Healthcare |
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