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
15 ETFs have low correlation with UL (below 0.3), 3 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 | -0.14 | — | — | 53 | Nasdaq-100, Options Trading, Dividend | UL vs QQQY | |
| Vanguard S&P 500 ETF | -0.01 | 0.12 | 0.25 | 66 | S&P 500 | UL vs VOO | |
| Vanguard Total Stock Market ETF | -0.01 | 0.13 | 0.25 | 66 | Large Cap Blend Equities | UL vs VTI | |
| State Street SPDR S&P 500 ETF | 0.00 | 0.12 | 0.25 | 65 | S&P 500 | UL vs SPY | |
| iShares Core MSCI Emerging Markets ETF | 0.00 | 0.12 | 0.21 | 53 | Emerging Markets Diversified | UL vs IEMG |
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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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.26, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.26 | -0.12 | 0.02 | 63 | Technology | |
| Broadcom Inc. | -0.22 | -0.09 | 0.04 | 67 | Technology | |
| Dell Technologies Inc. | -0.20 | -0.09 | 0.05 | 96 | Technology | |
| BWX Technologies, Inc. | -0.19 | -0.02 | 0.09 | 62 | Industrials | |
| Fortinet, Inc. | -0.18 | -0.08 | 0.06 | 76 | Technology |
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