Looking to balance out your exposure to UL? The ETFs below have the lowest correlation with UL — they tend to move on their own, which can help reduce risk when UL drops. The stock ideas table highlights individual companies that behave independently from UL.
Best Diversifiers for UL
16 ETFs have low correlation with UL (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Nasdaq 100 Enhanced Options Income ETF | -0.04 | — | — | 74 | Nasdaq-100, Options Trading, Dividend | UL vs QQQY | |
| NEOS Nasdaq-100 High Income ETF | -0.01 | — | — | 68 | Nasdaq-100, Derivative Income | UL vs QQQI | |
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.00 | 0.07 | 0.13 | 87 | Materials | UL vs REMX | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.04 | -0.00 | -0.00 | 100 | Government Bonds, Ultrashort Bond | UL vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | 0.06 | 0.05 | 0.03 | 100 | Ultrashort Bond | UL vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UL and solid risk/return profiles. The least correlated is Oracle Corporation (ORCL) (Technology) with a 1Y correlation of -0.26, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.26 | -0.07 | 0.08 | 58 | Technology | |
| NVIDIA Corporation | -0.22 | -0.10 | 0.03 | 78 | Technology | |
| ConocoPhillips Company | -0.16 | -0.05 | -0.00 | 76 | Energy | |
| CF Industries Holdings, Inc. | -0.16 | -0.03 | -0.01 | 60 | Basic Materials | |
| Centrus Energy Corp. | -0.15 | -0.01 | 0.05 | 55 | Energy |
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