Looking to balance out your exposure to ULTA? The ETFs below have historically moved differently from ULTA, 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 ULTA
3 ETFs have low correlation with ULTA (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.22, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.22 | 0.32 | 0.43 | 68 | S&P 500 | ULTA vs VOO | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.32 | 0.43 | 67 | S&P 500 | ULTA vs SPY | |
| SPDR Portfolio High Yield Bond ETF | 0.29 | 0.36 | 0.38 | 70 | High Yield Bonds | ULTA vs SPHY | |
| Schwab U.S. Dividend Equity ETF | 0.33 | 0.36 | 0.41 | 95 | Dividend | ULTA vs SCHD | |
| iShares Russell 2000 ETF | 0.38 | 0.40 | 0.48 | 79 | Small Cap Blend Equities | ULTA vs IWM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ULTA, 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 Philip Morris International Inc. (PM) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Philip Morris International Inc. | -0.12 | 0.01 | 0.09 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.08 | 0.03 | 0.11 | 84 | Energy | |
| Cheniere Energy, Inc. | -0.08 | -0.03 | 0.08 | 57 | Energy | |
| Altria Group, Inc. | -0.05 | 0.04 | 0.09 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.03 | 0.07 | 0.14 | 80 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ULTA
Add ULTA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ULTA