Looking to diversify beyond UNX? The ETFs below have the lowest correlation with UNX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from UNX.
Best Diversifiers for UNX
1 ETFs have low correlation with UNX (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 0.22 | 0.22 | 0.22 | 99 | Leveraged Equities | UNX vs MUU | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.49 | 0.49 | 0.49 | 71 | Leveraged Equities | UNX vs XTJL |
Diversification Analysis
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