Looking to balance out your exposure to UPS? The ETFs below have historically moved differently from UPS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for UPS
165 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.17 | -0.01 | 0.08 | 70 | Commodities | UPS vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.15 | -0.00 | 0.08 | 68 | Commodities | UPS vs DBC | |
| iShares 0-3 Month Treasury Bond ETF | -0.05 | 0.02 | 0.01 | 100 | Ultrashort Bond | UPS vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.05 | -0.02 | -0.03 | 100 | Government Bonds, Ultrashort Bond | UPS vs USFR | |
| Global X MLP & Energy Infrastructure ETF | -0.02 | 0.15 | 0.28 | 69 | Infrastructure Equities, MLPs | UPS vs MLPX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UPS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Philip Morris International Inc. (PM) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Philip Morris International Inc. | -0.18 | 0.07 | 0.17 | 64 | Consumer Defensive | |
| Altria Group, Inc. | -0.12 | 0.10 | 0.18 | 66 | Consumer Defensive | |
| British American Tobacco p.l.c. | -0.08 | 0.10 | 0.17 | 64 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | -0.07 | 0.11 | 0.10 | 84 | Energy | |
| McKesson Corporation | -0.06 | -0.03 | 0.08 | 62 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements UPS
Add UPS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UPS