Looking to balance out your exposure to UG? The ETFs below have the lowest correlation with UG — they tend to move on their own, which can help reduce risk when UG drops. The stock ideas table highlights individual companies that behave independently from UG.
Best Diversifiers for UG
2 ETFs have low correlation with UG (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Small-Cap Growth ETF (VBK) (Small Cap Growth Equities) with a 1Y correlation of 0.04, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Small-Cap Growth ETF | 0.04 | 0.06 | 0.07 | 51 | Small Cap Growth Equities | UG vs VBK | |
| Vanguard S&P 500 ETF | 0.07 | 0.08 | 0.08 | 70 | S&P 500 | UG vs VOO |
Diversification Analysis
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