Looking to balance out your exposure to UNIT? The ETFs below have historically moved differently from UNIT, 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 UNIT
1 ETFs have low correlation with UNIT (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.30, roughly unchanged from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.30 | 0.27 | 0.37 | 57 | Technology Equities | UNIT vs VGT | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.37 | 0.46 | 71 | S&P 500 | UNIT vs SPY | |
| Vanguard S&P 500 ETF | 0.37 | 0.36 | 0.46 | 72 | S&P 500 | UNIT vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UNIT, 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 Bezeq Corp Ltd (BZQIY) (Communication Services) with a 1Y correlation of -0.05, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bezeq Corp Ltd | -0.05 | 0.04 | -0.01 | 72 | Communication Services | |
| Two Harbors Investment Corp. | 0.09 | 0.35 | 0.41 | 71 | Real Estate | |
| Realty Income Corporation | 0.13 | 0.25 | 0.34 | 69 | Real Estate | |
| Cisco Systems, Inc. | 0.17 | 0.26 | 0.33 | 94 | Technology | |
| Intel Corporation | 0.21 | 0.20 | 0.28 | 98 | Technology |
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