Looking to balance out your exposure to UNP? The ETFs below have the lowest correlation with UNP — they tend to move on their own, which can help reduce risk when UNP drops. The stock ideas table highlights individual companies that behave independently from UNP.
Best Diversifiers for UNP
15 ETFs have low correlation with UNP (below 0.3), 4 of which are negatively correlated. The least correlated is First Trust Global Tactical Commodity Strategy Fund (FTGC) (Commodities) with a 1Y correlation of -0.05, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Global Tactical Commodity Strategy Fun... | -0.05 | 0.02 | 0.15 | 81 | Commodities | UNP vs FTGC | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.04 | -0.01 | -0.00 | 100 | Government Bonds, Ultrashort Bond | UNP vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.03 | 0.02 | 0.01 | 100 | Ultrashort Bond | UNP vs SGOV | |
| abrdn Bloomberg All Commodity Longer Dated Strateg... | -0.03 | 0.04 | 0.15 | 71 | Commodities | UNP vs BCD | |
| US Treasury 3 Month Bill ETF | 0.10 | 0.06 | — | 100 | Ultrashort Bond | UNP vs TBIL |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UNP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UNP and solid risk/return profiles. The least correlated is Oracle Corporation (ORCL) (Technology) with a 1Y correlation of -0.11, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.11 | 0.07 | 0.22 | 58 | Technology | |
| Palo Alto Networks, Inc. | -0.09 | 0.08 | 0.16 | 67 | Technology | |
| Micron Technology, Inc. | -0.07 | 0.07 | 0.17 | 99 | Technology | |
| Broadcom Inc. | -0.06 | 0.07 | 0.21 | 84 | Technology | |
| Seagate Technology plc | -0.05 | 0.15 | 0.26 | 99 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements UNP
Add UNP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UNP