Looking to balance out your exposure to UPST? The ETFs below have historically moved differently from UPST, 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 UPST
2 ETFs have low correlation with UPST (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.19, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.19 | 0.34 | 0.38 | 95 | Dividend | UPST vs SCHD | |
| Global X Lithium & Battery Tech ETF | 0.23 | 0.34 | 0.41 | 77 | Lithium & Battery Metals | UPST vs LIT | |
| GraniteShares 2x Long AMD Daily ETF | 0.33 | — | — | 88 | Leveraged Equities | UPST vs AMDL | |
| SPDR S&P Biotech ETF | 0.33 | 0.47 | 0.50 | 93 | Health & Biotech Equities | UPST vs XBI | |
| Vanguard High Dividend Yield ETF | 0.37 | 0.45 | 0.43 | 92 | Dividend | UPST vs VYM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UPST, 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 CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of -0.08, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | -0.08 | 0.06 | 0.09 | 93 | Healthcare | |
| Berkshire Hathaway Inc. | -0.03 | 0.15 | 0.22 | 61 | Financial Services | |
| Lockheed Martin Corporation | -0.00 | -0.02 | 0.02 | 80 | Industrials | |
| New Oriental Education & Technology Group Inc. | 0.04 | 0.10 | 0.17 | 71 | Consumer Defensive | |
| Texas Roadhouse, Inc. | 0.09 | 0.25 | 0.31 | 62 | Consumer Cyclical |
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