Looking to balance out your exposure to UP? The ETFs below have the lowest correlation with UP — they tend to move on their own, which can help reduce risk when UP drops. The stock ideas table highlights individual companies that behave independently from UP.
Best Diversifiers for UP
2 ETFs have low correlation with UP (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.19, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.19 | 0.23 | 0.29 | 74 | Nasdaq-100 | UP vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.28 | 0.32 | 74 | S&P 500 | UP vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UP and solid risk/return profiles. The least correlated is uniQure N.V. (QURE) (Healthcare) with a 1Y correlation of 0.08, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| uniQure N.V. | 0.08 | 0.13 | 0.19 | 71 | Healthcare | |
| Capricor Therapeutics, Inc. | 0.09 | 0.10 | 0.13 | 78 | Healthcare | |
| MBX Biosciences, Inc | 0.10 | 0.16 | 0.16 | 80 | Healthcare | |
| CSX Corporation | 0.12 | 0.18 | 0.21 | 88 | Industrials | |
| Scholar Rock Holding Corporation | 0.13 | 0.16 | 0.18 | 66 | Healthcare |
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