Looking to balance out your exposure to UNIT? The ETFs below have the lowest correlation with UNIT — they tend to move on their own, which can help reduce risk when UNIT drops. The stock ideas table highlights individual companies that behave independently from UNIT.
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 0.29, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.29 | 0.26 | 0.37 | 76 | Technology Equities | UNIT vs VGT | |
| Vanguard S&P 500 ETF | 0.40 | 0.36 | 0.46 | 70 | S&P 500 | UNIT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.36 | 0.46 | 70 | S&P 500 | UNIT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UNIT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UNIT and solid risk/return profiles. The least correlated is Bezeq Corp Ltd (BZQIY) (Communication Services) with a 1Y correlation of -0.01, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bezeq Corp Ltd | -0.01 | 0.05 | -0.01 | 94 | Communication Services | |
| Cisco Systems, Inc. | 0.16 | 0.26 | 0.33 | 95 | Technology | |
| Intel Corporation | 0.19 | 0.20 | 0.28 | 98 | Technology | |
| AGNC Investment Corp. | 0.28 | 0.37 | 0.41 | 76 | Real Estate | |
| Warner Bros. Discovery, Inc. | 0.30 | 0.34 | 0.38 | 97 | Communication Services |
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