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
1117 ETFs have low correlation with UGE (below 0.3), 190 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.30, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.30 | -0.10 | 0.26 | 89 | Leveraged Equities, Semiconductors | UGE vs USD | |
| Alger AI Enablers & Adopters ETF | -0.25 | -0.12 | -0.12 | 69 | Technology Equities | UGE vs ALAI | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.25 | -0.18 | -0.18 | 80 | Technology Equities | UGE vs FAI | |
| Direxion Daily AI and Big Data Bull 2X Shares | -0.25 | -0.11 | -0.11 | 51 | Leveraged Equities | UGE vs AIBU | |
| ProShares Ultra Technology | -0.23 | 0.01 | 0.35 | 82 | 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 Companhia Paranaense de Energia (ELPC) (Utilities) with a 1Y correlation of 0.07, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Companhia Paranaense de Energia | 0.07 | 0.12 | 0.12 | 78 | Utilities | |
| Mizuho Financial Group, Inc. | 0.10 | 0.07 | 0.18 | 88 | Financial Services | |
| RTX Corporation | 0.11 | 0.20 | 0.33 | 75 | Industrials | |
| Eli Lilly and Company | 0.16 | 0.18 | 0.22 | 75 | Healthcare | |
| Apple Inc | 0.19 | 0.18 | 0.42 | 90 | Technology |
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Build a portfolio that complements UGE
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