Looking to balance out your exposure to UFPT? The ETFs below have historically moved differently from UFPT, 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 UFPT
4 ETFs have low correlation with UFPT (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of 0.04, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.04 | 0.20 | 0.26 | 52 | Leveraged Equities, Semiconductors | UFPT vs USD | |
| PIMCO Enhanced Short Maturity Active ETF | 0.10 | 0.03 | 0.05 | 100 | Ultrashort Bond | UFPT vs MINT | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.19 | 0.28 | — | 55 | Nasdaq-100, Derivative Income | UFPT vs JEPQ | |
| iShares S&P 100 ETF | 0.29 | 0.33 | 0.36 | 55 | Large Cap Blend Equities | UFPT vs OEF | |
| iShares Core S&P 500 ETF | 0.32 | 0.38 | 0.39 | 67 | S&P 500 | UFPT vs IVV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UFPT, 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 Arista Networks, Inc. (ANET) (Technology) with a 1Y correlation of -0.08, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arista Networks, Inc. | -0.08 | 0.17 | 0.21 | 71 | Technology | |
| Murphy USA Inc. | -0.04 | 0.06 | 0.11 | 89 | Consumer Cyclical | |
| Dell Technologies Inc. | -0.01 | 0.17 | 0.22 | 96 | Technology | |
| Celestica Inc. | -0.00 | 0.21 | 0.24 | 73 | Technology | |
| NVIDIA Corporation | -0.00 | 0.16 | 0.24 | 56 | Technology |
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