Looking to balance out your exposure to UNP? The ETFs below have historically moved differently from UNP, 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 UNP
24 ETFs have low correlation with UNP (below 0.3), 4 of which are negatively correlated. The least correlated is abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) (Commodities) with a 1Y correlation of -0.03, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Bloomberg All Commodity Longer Dated Strateg... | -0.03 | 0.01 | 0.14 | 72 | Commodities | UNP vs BCD | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.02 | -0.01 | 0.15 | 86 | Commodities | UNP vs FTGC | |
| iShares 0-3 Month Treasury Bond ETF | -0.01 | 0.03 | 0.02 | 100 | Ultrashort Bond | UNP vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01 | 0.00 | 0.00 | 100 | Government Bonds, Ultrashort Bond | UNP vs BIL | |
| iShares Semiconductor ETF | 0.01 | 0.18 | 0.27 | 90 | Semiconductors, Technology Equities | UNP vs SOXX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UNP, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.14, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.14 | 0.03 | 0.18 | 68 | Technology | |
| Micron Technology, Inc. | -0.11 | 0.04 | 0.15 | 99 | Technology | |
| Nebius Group N.V. | -0.09 | — | — | 94 | Communication Services | |
| Seagate Technology plc | -0.08 | 0.11 | 0.24 | 99 | Technology | |
| Advanced Micro Devices, Inc. | -0.08 | 0.09 | 0.16 | 94 | Technology |
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