Looking to balance out your exposure to UAVS? The ETFs below have the lowest correlation with UAVS — they tend to move on their own, which can help reduce risk when UAVS drops. The stock ideas table highlights individual companies that behave independently from UAVS.
Best Diversifiers for UAVS
1 ETFs have low correlation with UAVS (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.26, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.26 | 0.23 | 0.28 | 80 | Dividend | UAVS vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.26 | 0.33 | 70 | S&P 500 | UAVS vs SPY | |
| State Street SPDR Portfolio S&P 500 ETF | 0.33 | 0.26 | 0.33 | 70 | S&P 500 | UAVS vs SPYM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UAVS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UAVS and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.13, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.13 | 0.16 | 0.24 | 89 | Technology | |
| VSE Corporation | 0.20 | 0.21 | 0.25 | 62 | Industrials | |
| Red Cat Holdings, Inc. | 0.50 | 0.34 | 0.32 | 69 | Technology |
Build a portfolio that complements UAVS
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