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. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.43, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.43 | 0.42 | 0.44 | 70 | S&P 500 | UOVEY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.43 | 0.42 | 0.44 | 70 | S&P 500 | UOVEY vs SPY |
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 JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.18, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | 0.18 | 0.22 | 0.31 | 59 | Financial Services | |
| Overseas Chinese Banking Corp Ltd ADR | 0.52 | 0.45 | 0.53 | 94 | Financial Services | |
| DBS Group Holdings Ltd ADR | 0.59 | 0.69 | 0.72 | 95 | Financial Services |
Build a portfolio that complements UOVEY
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