Looking to diversify beyond UGE? The ETFs below have the lowest correlation with UGE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from UGE.
Best Diversifiers for UGE
1145 ETFs have low correlation with UGE (below 0.3), 474 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.39, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.39 | -0.15 | 0.22 | 69 | Leveraged Equities, Semiconductors | UGE vs USD | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.37 | — | — | 54 | Technology Equities | UGE vs FAI | |
| Direxion Daily Technology Bull 3X Shares | -0.35 | -0.06 | 0.32 | 54 | Leveraged Equities, Technology Equities | UGE vs TECL | |
| TCW Artificial Intelligence ETF | -0.35 | — | — | 85 | Technology Equities | UGE vs AIFD | |
| ProShares Ultra Technology | -0.35 | -0.06 | 0.32 | 54 | Leveraged Equities | UGE vs ROM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UGE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UGE and solid risk/return profiles. The least correlated is IREN Limited (IREN) (Financial Services) with a 1Y correlation of -0.09, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IREN Limited | -0.09 | 0.05 | 0.16 | 78 | Financial Services | |
| Mizuho Financial Group, Inc. | 0.04 | 0.05 | 0.16 | 94 | Financial Services | |
| Companhia Paranaense de Energia | 0.06 | 0.11 | 0.11 | 85 | Utilities | |
| L3Harris Technologies, Inc. | 0.09 | 0.24 | 0.27 | 57 | Industrials | |
| Apple Inc | 0.11 | 0.15 | 0.40 | 93 | Technology |
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