Looking to balance out your exposure to UMG.AS? The ETFs below have the lowest correlation with UMG.AS — they tend to move on their own, which can help reduce risk when UMG.AS drops. The stock ideas table highlights individual companies that behave independently from UMG.AS.
Best Diversifiers for UMG.AS
1 ETFs have low correlation with UMG.AS (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 UCITS ETF (VUSA.AS) (S&P 500) with a 1Y correlation of 0.19, roughly unchanged from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 UCITS ETF | 0.19 | 0.20 | — | 70 | S&P 500 | UMG.AS vs VUSA.AS |
Diversification Analysis
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