Looking to balance out your exposure to ULTA? The ETFs below have the lowest correlation with ULTA — they tend to move on their own, which can help reduce risk when ULTA drops. The stock ideas table highlights individual companies that behave independently from ULTA.
Best Diversifiers for ULTA
4 ETFs have low correlation with ULTA (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.20, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.20 | 0.28 | 0.39 | 73 | Nasdaq-100 | ULTA vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.34 | 0.45 | 70 | S&P 500 | ULTA vs SPY | |
| Vanguard S&P 500 ETF | 0.28 | 0.34 | 0.45 | 70 | S&P 500 | ULTA vs VOO | |
| SPDR Portfolio High Yield Bond ETF | 0.29 | 0.37 | 0.39 | 62 | High Yield Bonds | ULTA vs SPHY | |
| Schwab U.S. Dividend Equity ETF | 0.34 | 0.36 | 0.42 | 80 | Dividend | ULTA vs SCHD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ULTA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ULTA and solid risk/return profiles. The least correlated is British American Tobacco p.l.c. (BTI) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco p.l.c. | -0.07 | 0.07 | 0.12 | 77 | Consumer Defensive | |
| Altria Group, Inc. | -0.07 | 0.05 | 0.10 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.03 | 0.05 | 0.14 | 85 | Energy | |
| NVIDIA Corporation | -0.02 | 0.10 | 0.26 | 78 | Technology | |
| Chevron Corporation | -0.00 | 0.09 | 0.16 | 83 | Energy |
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