Looking to balance out your exposure to UNTY? The ETFs below have the lowest correlation with UNTY — they tend to move on their own, which can help reduce risk when UNTY drops. The stock ideas table highlights individual companies that behave independently from UNTY.
Best Diversifiers for UNTY
3 ETFs have low correlation with UNTY (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.19, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.19 | 0.20 | 0.24 | 96 | Semiconductors, Technology Equities | UNTY vs SMH | |
| Vanguard Information Technology ETF | 0.20 | 0.22 | 0.26 | 76 | Technology Equities | UNTY vs VGT | |
| Invesco QQQ ETF | 0.21 | 0.20 | 0.24 | 73 | Nasdaq-100 | UNTY vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.34 | 0.35 | 70 | S&P 500 | UNTY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UNTY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UNTY and solid risk/return profiles. The least correlated is Archer-Daniels-Midland Company (ADM) (Consumer Defensive) with a 1Y correlation of 0.04, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Archer-Daniels-Midland Company | 0.04 | 0.15 | 0.18 | 94 | Consumer Defensive | |
| Advanced Micro Devices, Inc. | 0.05 | 0.11 | 0.16 | 98 | Technology | |
| NVIDIA Corporation | 0.07 | 0.11 | 0.17 | 78 | Technology | |
| Broadcom Inc. | 0.08 | 0.15 | 0.20 | 84 | Technology | |
| Amazon.com, Inc | 0.14 | 0.16 | 0.18 | 60 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements UNTY
Add UNTY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UNTY