Looking to balance out your exposure to UPBD? The ETFs below have the lowest correlation with UPBD — they tend to move on their own, which can help reduce risk when UPBD drops. The stock ideas table highlights individual companies that behave independently from UPBD.
No Diversifiers Found for UPBD
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UPBD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UPBD and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of 0.03, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | 0.03 | 0.17 | 0.23 | 85 | Energy | |
| Verizon Communications Inc. | 0.08 | 0.11 | 0.16 | 59 | Communication Services | |
| UnitedHealth Group Incorporated | 0.18 | 0.14 | 0.16 | 61 | Healthcare | |
| Merck & Co., Inc. | 0.19 | 0.10 | 0.07 | 87 | Healthcare | |
| Monolithic Power Systems, Inc. | 0.32 | 0.32 | 0.35 | 93 | Technology |
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