Looking to balance out your exposure to ULBI? The ETFs below have historically moved differently from ULBI, 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 ULBI
0 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 0.34, roughly unchanged from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.34 | 0.38 | 0.35 | 67 | S&P 500 | ULBI vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ULBI, 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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.03, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.03 | 0.05 | 0.11 | 67 | Financial Services | |
| Strategic Education, Inc. | -0.00 | 0.18 | 0.17 | 59 | Consumer Defensive | |
| United Therapeutics Corporation | 0.03 | 0.06 | 0.10 | 95 | Healthcare | |
| Lockheed Martin Corporation | 0.08 | 0.07 | 0.08 | 80 | Industrials | |
| Baker Hughes Company | 0.09 | 0.15 | 0.15 | 75 | Energy |
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