Looking to balance out your exposure to UFPT? The ETFs below have the lowest correlation with UFPT — they tend to move on their own, which can help reduce risk when UFPT drops. The stock ideas table highlights individual companies that behave independently from UFPT.
Best Diversifiers for UFPT
3 ETFs have low correlation with UFPT (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Enhanced Short Maturity Active ETF (MINT) (Ultrashort Bond) with a 1Y correlation of 0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Enhanced Short Maturity Active ETF | 0.05 | 0.02 | 0.04 | 100 | Ultrashort Bond | UFPT vs MINT | |
| ProShares Ultra Semiconductors | 0.09 | 0.23 | 0.28 | 82 | Leveraged Equities, Semiconductors | UFPT vs USD | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.26 | 0.31 | — | 63 | Nasdaq-100, Derivative Income | UFPT vs JEPQ | |
| iShares S&P 100 ETF | 0.33 | 0.35 | 0.37 | 51 | Large Cap Blend Equities | UFPT vs OEF | |
| iShares Core S&P 500 ETF | 0.37 | 0.39 | 0.40 | 59 | S&P 500 | UFPT vs IVV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UFPT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UFPT and solid risk/return profiles. The least correlated is Arista Networks, Inc. (ANET) (Technology) with a 1Y correlation of -0.02, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arista Networks, Inc. | -0.02 | 0.20 | 0.23 | 79 | Technology | |
| Murphy USA Inc. | 0.02 | 0.08 | 0.13 | 66 | Consumer Cyclical | |
| Broadcom Inc. | 0.03 | 0.19 | 0.23 | 72 | Technology | |
| Celestica Inc. | 0.03 | 0.22 | 0.25 | 88 | Technology | |
| Quanta Services, Inc. | 0.05 | 0.25 | 0.29 | 92 | Industrials |
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Build a portfolio that complements UFPT
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