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 | — | — | 96 | Leveraged Equities | UPST vs AMDL | |
| ProShares UltraPro QQQ | 0.45 | 0.49 | 0.53 | 71 | Leveraged Equities | UPST vs TQQQ | |
| Invesco QQQ ETF | 0.45 | 0.49 | 0.53 | 73 | Nasdaq-100 | UPST vs QQQ | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.50 | 0.54 | 0.54 | 63 | Leveraged Equities, S&P 500 | UPST vs SPUU | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.54 | 0.54 | 70 | S&P 500 | UPST vs SPY |
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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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 0.14, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 0.14 | 0.30 | 0.35 | 99 | Technology | |
| Pfizer Inc. | 0.16 | 0.16 | 0.13 | 61 | Healthcare | |
| Sandisk Corp | 0.20 | 0.23 | 0.23 | 100 | Technology | |
| Vertiv Holdings Co. | 0.20 | 0.31 | 0.38 | 94 | Industrials | |
| Alphabet Inc. Class A | 0.22 | 0.27 | 0.36 | 96 | Communication Services |
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