Looking to balance out your exposure to UGRO? The ETFs below have the lowest correlation with UGRO — they tend to move on their own, which can help reduce risk when UGRO drops. The stock ideas table highlights individual companies that behave independently from UGRO.
No Diversifiers Found for UGRO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UGRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UGRO and solid risk/return profiles. The least correlated is Joby Aviation, Inc. (JOBY) (Industrials) with a 1Y correlation of 0.24, roughly unchanged from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Joby Aviation, Inc. | 0.24 | 0.16 | — | 57 | Industrials |
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