Looking to balance out your exposure to UMC? The ETFs below have historically moved differently from UMC, 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 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 0.16, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amplify CWP Enhanced Dividend Income ETF | 0.16 | 0.31 | 0.38 | 84 | Derivative Income | UMC vs DIVO | |
| Vanguard Small-Cap Value ETF | 0.23 | 0.34 | 0.43 | 84 | Small Cap Value Equities | UMC vs VBR | |
| Vanguard FTSE All-World ex-US ETF | 0.40 | 0.47 | 0.55 | 73 | Foreign Large Cap Equities | UMC vs VEU | |
| Vanguard S&P 500 ETF | 0.45 | 0.50 | 0.56 | 78 | S&P 500 | UMC vs VOO | |
| Invesco S&P 500 Momentum ETF | 0.47 | 0.47 | 0.49 | 51 | Momentum, S&P 500 | UMC vs SPMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UMC, 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 Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.13, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.13 | 0.10 | 0.19 | 93 | Energy | |
| Smithfield Foods, Inc | -0.09 | 0.00 | 0.00 | 57 | Consumer Defensive | |
| EOG Resources, Inc. | -0.07 | 0.08 | 0.15 | 73 | Energy | |
| Omega Healthcare Investors, Inc. | -0.07 | 0.05 | 0.11 | 86 | Real Estate | |
| American Healthcare REIT, Inc. | -0.04 | 0.03 | 0.03 | 88 | Real Estate |
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