Looking to balance out your exposure to ULBI? The ETFs below have the lowest correlation with ULBI — they tend to move on their own, which can help reduce risk when ULBI drops. The stock ideas table highlights individual companies that behave independently from ULBI.
Best Diversifiers for ULBI
1 ETFs have low correlation with ULBI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.29, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.29 | 0.37 | 0.35 | 70 | S&P 500 | ULBI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ULBI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ULBI and solid risk/return profiles. The least correlated is Baker Hughes Company (BKR) (Energy) with a 1Y correlation of 0.03, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Baker Hughes Company | 0.03 | 0.14 | 0.16 | 89 | Energy | |
| United Therapeutics Corporation | 0.06 | 0.07 | 0.11 | 86 | Healthcare | |
| Broadcom Inc. | 0.08 | 0.24 | 0.25 | 84 | Technology | |
| Micron Technology, Inc. | 0.08 | 0.22 | 0.23 | 99 | Technology | |
| Celestica Inc. | 0.10 | 0.23 | 0.25 | 94 | Technology |
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