Looking to balance out your exposure to UG? The ETFs below have historically moved differently from UG, 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 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 0.08, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Small-Cap Growth ETF | 0.08 | 0.07 | 0.07 | 54 | Small Cap Growth Equities | UG vs VBK | |
| Vanguard S&P 500 ETF | 0.09 | 0.08 | 0.08 | 78 | S&P 500 | UG vs VOO |
Diversification Analysis
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