Looking to balance out your exposure to UHS? The ETFs below have the lowest correlation with UHS — they tend to move on their own, which can help reduce risk when UHS drops. The stock ideas table highlights individual companies that behave independently from UHS.
Best Diversifiers for UHS
7 ETFs have low correlation with UHS (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.03, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.03 | 0.14 | 0.27 | 54 | Technology Equities | UHS vs XLK | |
| Invesco QQQ ETF | 0.07 | 0.19 | 0.29 | 53 | Nasdaq-100 | UHS vs QQQ | |
| Global X Lithium & Battery Tech ETF | 0.07 | 0.14 | 0.18 | 77 | Lithium & Battery Metals | UHS vs LIT | |
| State Street SPDR S&P 500 ETF | 0.14 | 0.30 | 0.40 | 65 | S&P 500 | UHS vs SPY | |
| Vanguard S&P 500 ETF | 0.14 | 0.30 | 0.40 | 66 | S&P 500 | UHS vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UHS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UHS and solid risk/return profiles. The least correlated is Extreme Networks, Inc. (EXTR) (Technology) with a 1Y correlation of -0.10, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Extreme Networks, Inc. | -0.10 | 0.14 | 0.25 | 80 | Technology | |
| Twilio Inc. | -0.08 | 0.08 | 0.17 | 79 | Communication Services | |
| Diamondback Energy, Inc. | -0.03 | 0.03 | 0.13 | 80 | Energy | |
| Cheniere Energy, Inc. | -0.03 | 0.05 | 0.11 | 57 | Energy | |
| Vertiv Holdings Co. | -0.03 | 0.11 | 0.23 | 92 | Industrials |
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