Looking to balance out your exposure to UI? The ETFs below have historically moved differently from UI, 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 UI
3 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 -0.04, roughly unchanged from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.04 | -0.02 | -0.03 | 100 | Ultrashort Bond | UI vs SGOV | |
| iShares 1-3 Year Treasury Bond ETF | 0.15 | 0.08 | 0.09 | 90 | Government Bonds, Short-Term Bond | UI vs SHY | |
| Global X MSCI Greece ETF | 0.29 | 0.29 | 0.33 | 58 | Emerging Markets Equities | UI vs GREK | |
| Vanguard S&P 500 ETF | 0.51 | 0.49 | 0.55 | 68 | S&P 500 | UI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.51 | 0.49 | 0.55 | 67 | S&P 500 | UI vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UI, 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 -0.23, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | -0.05 | 0.06 | 66 | Consumer Defensive | |
| Chord Energy Corp | -0.14 | 0.06 | 0.14 | 69 | Energy | |
| Cboe Global Markets, Inc. | -0.13 | -0.11 | 0.05 | 69 | Financial Services | |
| Cheniere Energy, Inc. | -0.12 | 0.10 | 0.15 | 57 | Energy | |
| Murphy USA Inc. | -0.08 | 0.04 | 0.13 | 89 | Consumer Cyclical |
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