Looking to balance out your exposure to UNB? The ETFs below have the lowest correlation with UNB — they tend to move on their own, which can help reduce risk when UNB drops. The stock ideas table highlights individual companies that behave independently from UNB.
Best Diversifiers for UNB
1 ETFs have low correlation with UNB (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 0.21, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.21 | 0.16 | 0.13 | 74 | S&P 500 | UNB vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UNB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UNB and solid risk/return profiles. The least correlated is Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of 0.01, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | 0.01 | 0.11 | 0.09 | 66 | Energy | |
| Plains All American Pipeline, L.P. | 0.02 | 0.10 | 0.12 | 89 | Energy | |
| Chevron Corporation | 0.03 | 0.09 | 0.08 | 84 | Energy | |
| AbbVie Inc. | 0.03 | 0.03 | 0.01 | 68 | Healthcare | |
| Eli Lilly and Company | 0.05 | 0.02 | 0.00 | 75 | Healthcare |
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