Looking to balance out your exposure to UHG? The ETFs below have the lowest correlation with UHG — they tend to move on their own, which can help reduce risk when UHG drops. The stock ideas table highlights individual companies that behave independently from UHG.
Best Diversifiers for UHG
3 ETFs have low correlation with UHG (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.17, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.17 | 0.21 | 0.15 | 73 | Nasdaq-100 | UHG vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.18 | 0.25 | 0.17 | 70 | S&P 500 | UHG vs SPY | |
| Vanguard S&P 500 ETF | 0.19 | 0.25 | 0.17 | 70 | S&P 500 | UHG vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UHG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UHG and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.08, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.08 | 0.16 | 0.12 | 55 | Consumer Cyclical |
Build a portfolio that complements UHG
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