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 0.22, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.22 | 0.20 | 0.21 | 94 | Semiconductors, Technology Equities | UAMY vs SMH | |
| GraniteShares 2x Long AMD Daily ETF | 0.24 | — | — | 94 | Leveraged Equities | UAMY vs AMDL | |
| Invesco S&P 500 Momentum ETF | 0.28 | 0.26 | 0.24 | 70 | Momentum, S&P 500 | UAMY vs SPMO | |
| First Trust RBA American Industrial Renaissance ET... | 0.29 | 0.26 | 0.24 | 82 | Building & Construction | UAMY vs AIRR | |
| iShares Expanded Tech Sector ETF | 0.29 | 0.27 | 0.26 | 61 | Technology Equities | UAMY vs IGM |
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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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.06 | 0.08 | 0.06 | 70 | Consumer Defensive | |
| Verizon Communications Inc. | -0.05 | -0.01 | 0.02 | 62 | Communication Services | |
| Seneca Foods Corporation | -0.05 | 0.03 | 0.04 | 86 | Consumer Defensive | |
| Chevron Corporation | -0.03 | -0.00 | 0.08 | 70 | Energy | |
| Lincoln Educational Services Corporation | 0.02 | 0.07 | 0.07 | 89 | Consumer Defensive |
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