Looking to diversify beyond UNL? The ETFs below have the lowest correlation with UNL — 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 UNL.
Best Diversifiers for UNL
1543 ETFs have low correlation with UNL (below 0.3), 1439 of which are negatively correlated. The least correlated is Pacer BlueStar Engineering the Future ETF (BULD) (Technology Equities) with a 1Y correlation of -0.31, down from -0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer BlueStar Engineering the Future ETF | -0.31 | -0.10 | — | 65 | Technology Equities | UNL vs BULD | |
| Innovator Russell 2000 Power Buffer ETF - July | -0.31 | -0.08 | 0.02 | 82 | Defined Outcome | UNL vs KJUL | |
| First Trust Institutional Preferred Securities & I... | -0.30 | -0.07 | 0.01 | 73 | Preferred Stock/Convertible Bonds | UNL vs FPEI | |
| Janus Henderson Small Cap Growth Alpha ETF | -0.29 | -0.08 | 0.00 | 54 | Small Cap Growth Equities | UNL vs JSML | |
| Innovator U.S. Small Cap Power Buffer ETF | -0.29 | — | — | 80 | Defined Outcome | UNL vs KAUG |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UNL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UNL and solid risk/return profiles. The least correlated is Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of 0.18, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | 0.18 | 0.15 | 0.18 | 58 | Energy |
Build a portfolio that complements UNL
Add UNL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UNL