Looking to diversify beyond UNHW? The ETFs below have the lowest correlation with UNHW — 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 UNHW.
Best Diversifiers for UNHW
2 ETFs have low correlation with UNHW (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long DELL Daily ETF (DLLL) (Leveraged Equities) with a 1Y correlation of 0.06, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 0.06 | 0.06 | 0.06 | 96 | Leveraged Equities | UNHW vs DLLL | |
| GraniteShares 2x Long MU Daily ETF | 0.15 | 0.15 | 0.15 | 98 | Leveraged Equities | UNHW vs MULL |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UNHW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UNHW and solid risk/return profiles. The least correlated is UnitedHealth Group Incorporated (UNH) (Healthcare) with a 1Y correlation of 0.99, roughly unchanged from 0.99 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| UnitedHealth Group Incorporated | 0.99 | 0.99 | 0.99 | 76 | Healthcare |
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