Looking to balance out your exposure to UDR? The ETFs below have the lowest correlation with UDR — they tend to move on their own, which can help reduce risk when UDR drops. The stock ideas table highlights individual companies that behave independently from UDR.
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 0.19, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.19 | 0.33 | 0.44 | 74 | S&P 500 | UDR vs VOO | |
| Invesco S&P 500 Quality ETF | 0.30 | 0.36 | 0.44 | 58 | S&P 500, Large Cap Blend Equities | UDR vs SPHQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UDR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UDR and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.08, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.08 | 0.02 | 0.17 | 80 | Technology | |
| Cisco Systems, Inc. | -0.04 | 0.18 | 0.31 | 96 | Technology | |
| Alphabet Inc. Class A | 0.03 | 0.07 | 0.22 | 96 | Communication Services | |
| Chevron Corporation | 0.04 | 0.15 | 0.17 | 84 | Energy | |
| ASML Holding N.V. | 0.05 | 0.11 | 0.23 | 94 | Technology |
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