Looking to balance out your exposure to UPS? The ETFs below have the lowest correlation with UPS — they tend to move on their own, which can help reduce risk when UPS drops. The stock ideas table highlights individual companies that behave independently from UPS.
Best Diversifiers for UPS
142 ETFs have low correlation with UPS (below 0.3), 7 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.17, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.17 | -0.00 | 0.08 | 60 | Commodities | UPS vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.14 | 0.01 | 0.08 | 59 | Commodities | UPS vs DBC | |
| WisdomTree Floating Rate Treasury Fund | -0.06 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | UPS vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.05 | 0.01 | 0.01 | 100 | Ultrashort Bond | UPS vs SGOV | |
| Global X MLP & Energy Infrastructure ETF | -0.04 | 0.15 | 0.28 | 70 | MLPs | UPS vs MLPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UPS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UPS and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.11 | 0.19 | 78 | Consumer Defensive | |
| British American Tobacco p.l.c. | -0.08 | 0.11 | 0.17 | 70 | Consumer Defensive | |
| Kinder Morgan, Inc. | -0.07 | 0.13 | 0.25 | 76 | Energy | |
| The Williams Companies, Inc. | -0.06 | 0.10 | 0.21 | 82 | Energy | |
| McKesson Corporation | -0.06 | -0.03 | 0.08 | 58 | Healthcare |
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