Looking to balance out your exposure to UDR? The ETFs below have historically moved differently from UDR, 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 UDR
2 ETFs have low correlation with UDR (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.11, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.11 | 0.31 | 0.42 | 59 | S&P 500 | UDR vs VOO | |
| Invesco S&P 500 Quality ETF | 0.20 | 0.34 | 0.42 | 55 | Quality Factor, S&P 500, Large Cap Blend Equities | UDR vs SPHQ | |
| iShares Residential and Multisector Real Estate ET... | 0.76 | 0.82 | 0.86 | 58 | REIT | UDR vs REZ |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UDR, 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 Cisco Systems, Inc. (CSCO) (Technology) with a 1Y correlation of -0.12, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cisco Systems, Inc. | -0.12 | 0.14 | 0.28 | 92 | Technology | |
| NVIDIA Corporation | -0.12 | 0.01 | 0.15 | 59 | Technology | |
| ASML Holding N.V. | -0.02 | 0.09 | 0.20 | 96 | Technology | |
| Alphabet Inc. Class A | 0.01 | 0.07 | 0.20 | 92 | Communication Services | |
| Axcelis Technologies, Inc. | 0.06 | 0.15 | 0.19 | 79 | Technology |
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