Looking to balance out your exposure to UAL? The ETFs below have historically moved differently from UAL, 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 UAL
1 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 -0.25, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.25 | -0.01 | 0.13 | 61 | Energy Equities | UAL vs XLE | |
| Vanguard Information Technology ETF | 0.43 | 0.40 | 0.44 | 57 | Technology Equities | UAL vs VGT | |
| Invesco QQQ ETF | 0.48 | 0.43 | 0.46 | 54 | Nasdaq-100 | UAL vs QQQ | |
| iShares Core S&P 500 ETF | 0.54 | 0.50 | 0.52 | 72 | S&P 500 | UAL vs IVV | |
| Vanguard S&P 500 ETF | 0.55 | 0.50 | 0.52 | 72 | S&P 500 | UAL vs VOO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UAL, 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 CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.31, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.31 | -0.07 | 0.04 | 64 | Basic Materials | |
| Apache Corporation | -0.28 | -0.04 | 0.12 | 87 | Energy | |
| Phillips 66 | -0.17 | 0.04 | 0.16 | 92 | Energy | |
| Kinder Morgan, Inc. | -0.15 | 0.13 | 0.21 | 66 | Energy | |
| Cboe Global Markets, Inc. | -0.15 | -0.11 | 0.01 | 56 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements UAL
Add UAL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UAL