Looking to balance out your exposure to UAVS? The ETFs below have historically moved differently from UAVS, 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 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 0.18, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.18 | 0.20 | 0.27 | 95 | Dividend | UAVS vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.26 | 0.34 | 78 | S&P 500 | UAVS vs SPY | |
| State Street SPDR Portfolio S&P 500 ETF | 0.40 | 0.26 | 0.34 | 78 | S&P 500 | UAVS vs SPYM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UAVS, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.14, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.14 | 0.17 | 0.25 | 90 | Technology | |
| VSE Corporation | 0.30 | 0.21 | 0.25 | 70 | Industrials | |
| Ondas Holdings Inc. | 0.52 | 0.29 | 0.32 | 91 | Technology |
Build a portfolio that complements UAVS
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