Looking to balance out your exposure to ULCC? The ETFs below have the lowest correlation with ULCC — they tend to move on their own, which can help reduce risk when ULCC drops. The stock ideas table highlights individual companies that behave independently from ULCC.
No Diversifiers Found for ULCC
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ULCC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ULCC and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.05, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.05 | 0.16 | 0.24 | 78 | Technology | |
| United Airlines Holdings, Inc. | 0.60 | 0.57 | 0.62 | 60 | Industrials | |
| Allegiant Travel Company | 0.67 | 0.64 | 0.64 | 63 | Industrials |
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