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
14 ETFs have low correlation with UNP (below 0.3), 3 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.04 | -0.01 | -0.00 | 100 | Government Bonds, Ultrashort Bond | UNP vs BIL | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.03 | 0.01 | 0.15 | 55 | Commodities | UNP vs FTGC | |
| iShares 0-3 Month Treasury Bond ETF | -0.02 | 0.02 | 0.01 | 100 | Ultrashort Bond | UNP vs SGOV | |
| Invesco QQQ ETF | 0.09 | 0.22 | 0.33 | 59 | Nasdaq-100 | UNP vs QQQ | |
| iShares Core MSCI Emerging Markets ETF | 0.11 | 0.25 | 0.30 | 64 | Emerging Markets Diversified | UNP vs IEMG |
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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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.11, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.11 | 0.05 | 0.19 | 72 | Technology | |
| Micron Technology, Inc. | -0.11 | 0.05 | 0.16 | 99 | Technology | |
| Palo Alto Networks, Inc. | -0.11 | 0.06 | 0.16 | 69 | Technology | |
| Nebius Group N.V. | -0.04 | 0.03 | 0.03 | 96 | Communication Services | |
| Seagate Technology plc | -0.04 | 0.13 | 0.24 | 99 | Technology |
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