Looking to balance out your exposure to UMBF? The ETFs below have the lowest correlation with UMBF — they tend to move on their own, which can help reduce risk when UMBF drops. The stock ideas table highlights individual companies that behave independently from UMBF.
Best Diversifiers for UMBF
0 ETFs have low correlation with UMBF (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 0.47, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.47 | 0.47 | 0.53 | 74 | S&P 500 | UMBF vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UMBF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UMBF and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) 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 |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.03 | 0.09 | 0.16 | 66 | Consumer Defensive | |
| Antero Midstream Corporation | 0.04 | 0.29 | 0.37 | 70 | Energy | |
| Credo Technology Group Holding Ltd | 0.06 | 0.20 | — | 85 | Technology | |
| Banco Macro S.A. | 0.16 | 0.20 | 0.24 | 54 | Financial Services | |
| Zymeworks Inc. | 0.17 | 0.23 | 0.19 | 88 | Healthcare |
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