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
253 ETFs have low correlation with UBER (below 0.3), 18 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.11, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.11 | 0.05 | 0.13 | 63 | Energy Equities | UBER vs XLE | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | 0.02 | 0.01 | 100 | Ultrashort Bond | UBER vs SGOV | |
| iShares Core High Dividend ETF | -0.09 | 0.09 | 0.19 | 64 | Dividend, Large Cap Value Equities | UBER vs HDV | |
| Vanguard Energy ETF | -0.09 | 0.07 | 0.15 | 64 | Energy Equities | UBER vs VDE | |
| Fidelity MSCI Energy Index ETF | -0.09 | 0.07 | 0.15 | 64 | Energy Equities | UBER vs FENY |
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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 -0.21, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.07 | -0.01 | 69 | Consumer Defensive | |
| Chevron Corporation | -0.17 | -0.00 | 0.09 | 83 | Energy | |
| Coterra Energy Inc. | -0.15 | 0.05 | 0.12 | 79 | Energy | |
| Exxon Mobil Corporation | -0.13 | -0.00 | 0.08 | 85 | Energy | |
| PepsiCo, Inc. | -0.13 | -0.04 | -0.00 | 56 | Consumer Defensive |
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