Looking to balance out your exposure to UOVEY? The ETFs below have the lowest correlation with UOVEY — they tend to move on their own, which can help reduce risk when UOVEY drops. The stock ideas table highlights individual companies that behave independently from UOVEY.
Best Diversifiers for UOVEY
0 ETFs have low correlation with UOVEY (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers Artificial Intelligence and Big Data ETF | 0.31 | — | — | 55 | Technology Equities | UOVEY vs XAIX | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.41 | 0.43 | 65 | S&P 500 | UOVEY vs SPY | |
| Vanguard S&P 500 ETF | 0.41 | 0.41 | 0.44 | 66 | S&P 500 | UOVEY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UOVEY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UOVEY and solid risk/return profiles. The least correlated is Visa Inc. (V) (Financial Services) with a 1Y correlation of 0.11, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | 0.11 | 0.16 | 0.26 | 50 | Financial Services | |
| Keppel Corporation Limited | 0.13 | 0.12 | 0.15 | 74 | Industrials | |
| JPMorgan Chase & Co. | 0.20 | 0.21 | 0.31 | 71 | Financial Services | |
| Royal Bank of Canada | 0.38 | 0.40 | 0.45 | 98 | Financial Services | |
| Overseas Chinese Banking Corp Ltd ADR | 0.59 | 0.48 | 0.54 | 98 | Financial Services |
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