Looking to balance out your exposure to UBER? The ETFs below have the lowest correlation with UBER — they tend to move on their own, which can help reduce risk when UBER drops. The stock ideas table highlights individual companies that behave independently from UBER.
Best Diversifiers for UBER
194 ETFs have low correlation with UBER (below 0.3), 9 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.09, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.09 | 0.09 | 0.19 | 74 | Dividend, Large Cap Value Equities | UBER vs HDV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | -0.04 | 0.00 | 100 | Government Bonds, Ultrashort Bond | UBER vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.09 | 0.01 | 0.01 | 100 | Ultrashort Bond | UBER vs SGOV | |
| F/m US Treasury 3 Month Bill ETF | -0.08 | -0.03 | — | 100 | Ultrashort Bond | UBER vs TBIL | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.06 | — | — | 100 | Ultrashort Bond | UBER vs VBIL |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UBER, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UBER and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.24, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.24 | -0.07 | -0.02 | 74 | Consumer Defensive | |
| Chevron Corporation | -0.18 | -0.01 | 0.08 | 70 | Energy | |
| The Coca-Cola Company | -0.14 | -0.04 | 0.04 | 74 | Consumer Defensive | |
| ONEOK, Inc. | -0.14 | 0.05 | 0.18 | 57 | Energy | |
| Exxon Mobil Corporation | -0.13 | -0.01 | 0.08 | 74 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements UBER
Add UBER to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UBER