Looking to diversify beyond UNL? The ETFs below have historically moved differently from UNL, 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 UNL
1760 ETFs have low correlation with UNL (below 0.3), 1638 of which are negatively correlated. The least correlated is Innovator Russell 2000 Power Buffer ETF - July (KJUL) (Defined Outcome) with a 1Y correlation of -0.33, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator Russell 2000 Power Buffer ETF - July | -0.33 | -0.09 | 0.01 | 91 | Defined Outcome | UNL vs KJUL | |
| FT Vest Rising Dividend Achievers Target Income ET... | -0.31 | -0.06 | — | 89 | Derivative Income | UNL vs RDVI | |
| Innovator U.S. Small Cap Power Buffer ETF - Octobe... | -0.30 | -0.08 | 0.01 | 92 | Defined Outcome | UNL vs KOCT | |
| First Trust Rising Dividend Achievers ETF | -0.29 | -0.06 | 0.05 | 88 | Dividend, Large Cap Blend Equities | UNL vs RDVY | |
| First Trust Institutional Preferred Securities & I... | -0.29 | -0.07 | 0.00 | 74 | Preferred Stock | UNL vs FPEI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UNL, 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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of 0.18, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | 0.18 | 0.16 | 0.18 | 53 | Energy |
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