Looking to balance out your exposure to UGP? The ETFs below have the lowest correlation with UGP — they tend to move on their own, which can help reduce risk when UGP drops. The stock ideas table highlights individual companies that behave independently from UGP.
Best Diversifiers for UGP
2 ETFs have low correlation with UGP (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.27, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.27 | 0.20 | 0.22 | 73 | Nasdaq-100 | UGP vs QQQ | |
| SPDR S&P Metals & Mining ETF | 0.28 | 0.27 | 0.30 | 77 | Materials | UGP vs XME |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UGP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UGP and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of 0.14, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | 0.14 | 0.16 | 0.19 | 85 | Energy | |
| Alphabet Inc. Class A | 0.14 | 0.15 | 0.19 | 96 | Communication Services | |
| Tsakos Energy Navigation Ltd | 0.17 | 0.19 | 0.17 | 94 | Energy |
Build a portfolio that complements UGP
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