Looking to balance out your exposure to UCL? The ETFs below have the lowest correlation with UCL — they tend to move on their own, which can help reduce risk when UCL drops. The stock ideas table highlights individual companies that behave independently from UCL.
No Diversifiers Found for UCL
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UCL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UCL and solid risk/return profiles. The least correlated is Corning Incorporated (GLW) (Technology) with a 1Y correlation of -0.01, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corning Incorporated | -0.01 | 0.06 | 0.09 | 98 | Technology | |
| NVIDIA Corporation | -0.01 | 0.07 | 0.12 | 78 | Technology | |
| Arista Networks, Inc. | 0.04 | 0.00 | 0.04 | 79 | Technology | |
| Kratos Defense & Security Solutions, Inc. | 0.07 | 0.04 | 0.06 | 60 | Industrials | |
| Tutor Perini Corporation | 0.09 | 0.07 | 0.10 | 84 | Industrials |
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