Looking to diversify beyond UNHG? The ETFs below have the lowest correlation with UNHG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from UNHG.
Best Diversifiers for UNHG
3 ETFs have low correlation with UNHG (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L) (Leveraged Equities) with a 1Y correlation of 0.10, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Long Semiconductors ETP Securit... | 0.10 | 0.10 | — | 93 | Leveraged Equities, Semiconductors | UNHG vs SMH3.L | |
| Leverage Shares 4x Long Semiconductors ETP Securit... | 0.11 | 0.11 | 0.11 | 94 | Leveraged Equities, Semiconductors | UNHG vs SOXL.L | |
| GraniteShares 2x Long INTC Daily ETF | 0.18 | 0.18 | 0.18 | 96 | Leveraged Equities | UNHG vs INTW |
Diversification Analysis
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