Looking to balance out your exposure to UHT? The ETFs below have the lowest correlation with UHT — they tend to move on their own, which can help reduce risk when UHT drops. The stock ideas table highlights individual companies that behave independently from UHT.
Best Diversifiers for UHT
4 ETFs have low correlation with UHT (below 0.3), 2 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call ETF (QYLD) (Nasdaq-100) with a 1Y correlation of -0.12, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | -0.12 | 0.10 | 0.20 | 89 | Nasdaq-100, Derivative Income | UHT vs QYLD | |
| Invesco QQQ ETF | -0.11 | 0.09 | 0.19 | 59 | Nasdaq-100 | UHT vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.03 | 0.24 | 0.31 | 70 | S&P 500 | UHT vs SPY | |
| iShares Investment Grade Corporate Bond Buywrite S... | 0.09 | 0.22 | — | 54 | Corporate Bonds | UHT vs LQDW | |
| Schwab U.S. Dividend Equity ETF | 0.35 | 0.51 | 0.50 | 89 | Dividend | UHT vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UHT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UHT and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.17, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.17 | 0.27 | 0.30 | 77 | Consumer Defensive | |
| AbbVie Inc. | 0.26 | 0.26 | 0.25 | 80 | Healthcare | |
| Realty Income Corporation | 0.40 | 0.47 | 0.51 | 74 | Real Estate | |
| STAG Industrial, Inc. | 0.48 | 0.54 | 0.54 | 72 | Real Estate | |
| National Health Investors, Inc. | 0.50 | 0.56 | 0.59 | 59 | Real Estate |
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