Looking to balance out your exposure to UAL? The ETFs below have the lowest correlation with UAL — they tend to move on their own, which can help reduce risk when UAL drops. The stock ideas table highlights individual companies that behave independently from UAL.
Best Diversifiers for UAL
2 ETFs have low correlation with UAL (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.18, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.18 | 0.03 | 0.17 | 70 | Energy Equities | UAL vs XLE | |
| iShares Silver Trust | 0.13 | 0.13 | 0.11 | 51 | Silver, Precious Metals | UAL vs SLV | |
| Vanguard Information Technology ETF | 0.46 | 0.40 | 0.44 | 76 | Technology Equities | UAL vs VGT | |
| Invesco QQQ ETF | 0.53 | 0.43 | 0.46 | 74 | Nasdaq-100 | UAL vs QQQ | |
| iShares Core S&P 500 ETF | 0.55 | 0.46 | 0.48 | 74 | S&P 500 | UAL vs IVV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UAL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UAL and solid risk/return profiles. The least correlated is Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of -0.11, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | -0.11 | 0.16 | 0.24 | 66 | Energy | |
| Cboe Global Markets, Inc. | -0.09 | -0.08 | 0.03 | 71 | Financial Services | |
| Lockheed Martin Corporation | -0.03 | 0.00 | 0.07 | 51 | Industrials | |
| Northrop Grumman Corporation | -0.02 | -0.02 | 0.06 | 54 | Industrials | |
| AbbVie Inc. | -0.02 | 0.06 | 0.07 | 68 | Healthcare |
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Build a portfolio that complements UAL
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