Looking to balance out your exposure to UAMY? The ETFs below have the lowest correlation with UAMY — they tend to move on their own, which can help reduce risk when UAMY drops. The stock ideas table highlights individual companies that behave independently from UAMY.
Best Diversifiers for UAMY
6 ETFs have low correlation with UAMY (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.18, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.18 | 0.19 | 0.20 | 96 | Semiconductors, Technology Equities | UAMY vs SMH | |
| GraniteShares 2x Long AMD Daily ETF | 0.19 | — | — | 96 | Leveraged Equities | UAMY vs AMDL | |
| iShares Expanded Tech Sector ETF | 0.26 | 0.25 | 0.25 | 79 | Technology Equities | UAMY vs IGM | |
| iShares U.S. Technology ETF | 0.26 | 0.24 | 0.24 | 75 | Technology Equities | UAMY vs IYW | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.27 | 0.25 | 70 | S&P 500 | UAMY vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UAMY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UAMY and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.04, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.04 | 0.00 | 0.08 | 83 | Energy | |
| Walmart Inc. | -0.04 | 0.09 | 0.07 | 63 | Consumer Defensive | |
| Verizon Communications Inc. | -0.03 | 0.01 | 0.03 | 59 | Communication Services | |
| Lincoln Educational Services Corporation | 0.03 | 0.07 | 0.07 | 89 | Consumer Defensive | |
| Xeris Biopharma Holdings, Inc. | 0.04 | 0.13 | 0.16 | 55 | Healthcare |
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