Looking to balance out your exposure to UHT? The ETFs below have historically moved differently from UHT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for UHT
3 ETFs have low correlation with UHT (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.15, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.15 | 0.08 | 0.18 | 55 | Nasdaq-100 | UHT vs QQQ | |
| Global X NASDAQ 100 Covered Call ETF | -0.15 | 0.10 | 0.19 | 83 | Nasdaq-100, Derivative Income | UHT vs QYLD | |
| State Street SPDR S&P 500 ETF | -0.00 | 0.23 | 0.30 | 72 | S&P 500 | UHT vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.35 | 0.51 | 0.50 | 95 | Dividend | UHT vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UHT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.21, roughly unchanged from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.21 | 0.28 | 0.30 | 64 | Consumer Defensive | |
| AbbVie Inc. | 0.29 | 0.27 | 0.25 | 73 | Healthcare | |
| Realty Income Corporation | 0.42 | 0.48 | 0.51 | 69 | Real Estate | |
| STAG Industrial, Inc. | 0.48 | 0.54 | 0.54 | 63 | Real Estate | |
| National Health Investors, Inc. | 0.51 | 0.56 | 0.59 | 51 | Real Estate |
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