Looking to balance out your exposure to UPST? The ETFs below have the lowest correlation with UPST — they tend to move on their own, which can help reduce risk when UPST drops. The stock ideas table highlights individual companies that behave independently from UPST.
Best Diversifiers for UPST
0 ETFs have low correlation with UPST (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | 0.30 | — | — | 94 | Leveraged Equities | UPST vs AMDL | |
| ProShares UltraPro QQQ | 0.46 | 0.50 | 0.54 | 53 | Leveraged Equities | UPST vs TQQQ | |
| Invesco QQQ ETF | 0.46 | 0.49 | 0.54 | 59 | Nasdaq-100 | UPST vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.52 | 0.54 | 0.55 | 59 | S&P 500 | UPST vs SPY | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.53 | 0.54 | 0.54 | 51 | Leveraged Equities, S&P 500 | UPST vs SPUU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UPST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UPST and solid risk/return profiles. The least correlated is Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of 0.01, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | 0.01 | -0.01 | 0.02 | 51 | Industrials | |
| Micron Technology, Inc. | 0.13 | 0.27 | 0.32 | 99 | Technology | |
| Pfizer Inc. | 0.16 | 0.17 | 0.12 | 56 | Healthcare | |
| Vertiv Holdings Co. | 0.19 | 0.31 | 0.38 | 93 | Industrials | |
| Sandisk Corporation | 0.20 | 0.24 | 0.24 | 100 | Technology |
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