Looking to diversify beyond UGE? The ETFs below have historically moved differently from UGE, 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 UGE
1148 ETFs have low correlation with UGE (below 0.3), 568 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.41, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.41 | -0.16 | 0.20 | 56 | Leveraged Equities, Semiconductors | UGE vs USD | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.39 | — | — | 56 | Artificial Intelligence, Technology Equities | UGE vs FAI | |
| TCW Artificial Intelligence ETF | -0.37 | — | — | 78 | Artificial Intelligence, Technology Equities | UGE vs AIFD | |
| Direxion Daily Technology Bull 3X Shares | -0.37 | -0.07 | 0.30 | 54 | Leveraged Equities, Technology Equities | UGE vs TECL | |
| Fidelity MSCI Information Technology Index ETF | -0.37 | -0.07 | 0.31 | 59 | Technology Equities | UGE vs FTEC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UGE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is IREN Limited (IREN) (Financial Services) with a 1Y correlation of -0.14, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IREN Limited | -0.14 | 0.03 | 0.15 | 79 | Financial Services | |
| Mizuho Financial Group, Inc. | -0.02 | 0.04 | 0.15 | 90 | Financial Services | |
| Companhia Paranaense de Energia | 0.04 | 0.10 | 0.10 | 84 | Utilities | |
| RTX Corporation | 0.13 | 0.19 | 0.32 | 82 | Industrials | |
| Apple Inc | 0.14 | 0.15 | 0.36 | 90 | Technology |
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