Looking to balance out your exposure to UEC? The ETFs below have the lowest correlation with UEC — they tend to move on their own, which can help reduce risk when UEC drops. The stock ideas table highlights individual companies that behave independently from UEC.
Best Diversifiers for UEC
0 ETFs have low correlation with UEC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Spain ETF (EWP) (Europe Equities) with a 1Y correlation of 0.31, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Spain ETF | 0.31 | 0.22 | 0.31 | 78 | Europe Equities | UEC vs EWP | |
| iShares MSCI South Korea ETF | 0.34 | 0.31 | 0.36 | 90 | South Korea Equities, Asia Pacific Equities | UEC vs EWY | |
| Schwab High Yield Bond ETF | 0.36 | — | — | 64 | High Yield Bonds | UEC vs SCYB | |
| Schwab International Equity ETF | 0.37 | 0.34 | 0.43 | 60 | Foreign Large Cap Equities | UEC vs SCHF | |
| Vanguard Total International Stock ETF | 0.43 | 0.37 | 0.45 | 56 | Global Equities | UEC vs VXUS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UEC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UEC and solid risk/return profiles. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.12, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.12 | 0.06 | 0.23 | 72 | Energy | |
| Johnson & Johnson | -0.08 | -0.08 | 0.01 | 97 | Healthcare | |
| Permian Resources Corporation | -0.06 | 0.16 | — | 79 | Energy | |
| Marathon Petroleum Corporation | -0.04 | 0.11 | 0.25 | 90 | Energy | |
| Walmart Inc. | -0.04 | 0.05 | 0.12 | 71 | Consumer Defensive |
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