Looking to balance out your exposure to UMC? The ETFs below have the lowest correlation with UMC — they tend to move on their own, which can help reduce risk when UMC drops. The stock ideas table highlights individual companies that behave independently from UMC.
Best Diversifiers for UMC
2 ETFs have low correlation with UMC (below 0.3), 0 of which are negatively correlated. The least correlated is Amplify CWP Enhanced Dividend Income ETF (DIVO) (Derivative Income) with a 1Y correlation of 0.23, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amplify CWP Enhanced Dividend Income ETF | 0.23 | 0.33 | 0.39 | 61 | Derivative Income | UMC vs DIVO | |
| Vanguard Small-Cap Value ETF | 0.28 | 0.36 | 0.44 | 52 | Small Cap Value Equities | UMC vs VBR | |
| Vanguard FTSE All-World ex-US ETF | 0.33 | 0.45 | 0.53 | 60 | Foreign Large Cap Equities | UMC vs VEU | |
| Invesco S&P 500 Momentum ETF | 0.37 | 0.42 | 0.47 | 75 | Momentum, S&P 500 | UMC vs SPMO | |
| Vanguard S&P 500 ETF | 0.41 | 0.49 | 0.55 | 70 | S&P 500 | UMC vs VOO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UMC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UMC and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.02, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.02 | 0.14 | 0.21 | 87 | Energy | |
| BP p.l.c. | -0.00 | 0.11 | 0.19 | 87 | Energy | |
| EOG Resources, Inc. | 0.01 | 0.11 | 0.18 | 69 | Energy | |
| Ackermans & Van Haaren NV ADR | 0.02 | — | — | 94 | Industrials | |
| Diamondback Energy, Inc. | 0.03 | 0.13 | 0.21 | 82 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements UMC
Add UMC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UMC