Looking to balance out your exposure to UAA? The ETFs below have the lowest correlation with UAA — they tend to move on their own, which can help reduce risk when UAA drops. The stock ideas table highlights individual companies that behave independently from UAA.
Best Diversifiers for UAA
1 ETFs have low correlation with UAA (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 | 0.26 | 0.45 | 74 | Nasdaq-100 | UAA vs QQQ | |
| Vanguard S&P 500 ETF | 0.34 | 0.36 | 0.51 | 74 | S&P 500 | UAA vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.36 | 0.52 | 74 | S&P 500 | UAA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UAA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UAA and solid risk/return profiles. The least correlated is Baidu, Inc. (BIDU) (Communication Services) with a 1Y correlation of 0.13, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Baidu, Inc. | 0.13 | 0.19 | 0.25 | 73 | Communication Services | |
| Verizon Communications Inc. | 0.15 | 0.18 | 0.16 | 56 | Communication Services | |
| Nokia Corporation | 0.19 | 0.24 | 0.36 | 96 | Technology | |
| Twilio Inc. | 0.20 | 0.27 | 0.39 | 83 | Communication Services | |
| Incyte Corporation | 0.27 | 0.19 | 0.21 | 80 | Healthcare |
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