Looking to balance out your exposure to UI? The ETFs below have the lowest correlation with UI — they tend to move on their own, which can help reduce risk when UI drops. The stock ideas table highlights individual companies that behave independently from UI.
Best Diversifiers for UI
2 ETFs have low correlation with UI (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.01, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.01 | -0.01 | -0.02 | 100 | Ultrashort Bond | UI vs SGOV | |
| iShares 1-3 Year Treasury Bond ETF | 0.15 | 0.08 | 0.09 | 83 | Government Bonds, Short-Term Bond | UI vs SHY | |
| Invesco QQQ ETF | 0.49 | 0.45 | 0.53 | 58 | Nasdaq-100 | UI vs QQQ | |
| Vanguard S&P 500 ETF | 0.50 | 0.48 | 0.55 | 66 | S&P 500 | UI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.48 | 0.55 | 66 | S&P 500 | UI vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UI and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | -0.04 | 0.07 | 81 | Consumer Defensive | |
| Cboe Global Markets, Inc. | -0.12 | -0.10 | 0.06 | 62 | Financial Services | |
| Chord Energy Corp | -0.10 | 0.07 | 0.15 | 59 | Energy | |
| Qualys, Inc. | -0.09 | 0.14 | 0.30 | 53 | Technology | |
| Cheniere Energy, Inc. | -0.07 | 0.11 | 0.16 | 58 | Energy |
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Build a portfolio that complements UI
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