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
1 ETFs have low correlation with UPST (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Lithium & Battery Tech ETF (LIT) (Lithium & Battery Metals) with a 1Y correlation of 0.20, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Lithium & Battery Tech ETF | 0.20 | 0.34 | 0.41 | 81 | Lithium & Battery Metals | UPST vs LIT | |
| GraniteShares 2x Long AMD Daily ETF | 0.32 | — | — | 95 | Leveraged Equities | UPST vs AMDL | |
| SPDR S&P Biotech ETF | 0.34 | 0.47 | 0.50 | 94 | Health & Biotech Equities | UPST vs XBI | |
| Invesco QQQ ETF | 0.46 | 0.49 | 0.54 | 61 | Nasdaq-100 | UPST vs QQQ | |
| Invesco S&P 500 Equal Weight ETF | 0.51 | 0.54 | 0.55 | 56 | S&P 500, Equal Weight | UPST vs RSP |
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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 | 56 | Industrials | |
| Western Digital Corporation | 0.16 | 0.30 | 0.35 | 99 | Technology | |
| Micron Technology, Inc. | 0.16 | 0.29 | 0.35 | 99 | Technology | |
| Vertiv Holdings Co. | 0.17 | 0.30 | 0.37 | 93 | Industrials | |
| Sandisk Corporation | 0.20 | — | — | 100 | Technology |
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Build a portfolio that complements UPST
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