Looking to balance out your exposure to UBER? The ETFs below have historically moved differently from UBER, 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 UBER
254 ETFs have low correlation with UBER (below 0.3), 20 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.14, down from 0.12 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 | -0.14 | 0.02 | 0.12 | 75 | Energy Equities | UBER vs XLE | |
| Vanguard Energy ETF | -0.12 | 0.03 | 0.13 | 76 | Energy Equities | UBER vs VDE | |
| Fidelity MSCI Energy Index ETF | -0.12 | 0.03 | 0.13 | 76 | Energy Equities | UBER vs FENY | |
| iShares Global Energy ETF | -0.11 | 0.03 | 0.13 | 81 | Energy Equities | UBER vs IXC | |
| Invesco DB Commodity Index Tracking Fund | -0.09 | 0.00 | 0.07 | 68 | Commodities | UBER vs DBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UBER, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.18, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.18 | -0.02 | 0.07 | 79 | Energy | |
| Altria Group, Inc. | -0.17 | -0.06 | -0.01 | 66 | Consumer Defensive | |
| Devon Energy Corporation | -0.16 | 0.01 | 0.09 | 78 | Energy | |
| Exxon Mobil Corporation | -0.15 | -0.03 | 0.06 | 85 | Energy | |
| ONEOK, Inc. | -0.14 | 0.03 | 0.17 | 64 | Energy |
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