Looking to balance out your exposure to UPWK? The ETFs below have the lowest correlation with UPWK — they tend to move on their own, which can help reduce risk when UPWK drops. The stock ideas table highlights individual companies that behave independently from UPWK.
Best Diversifiers for UPWK
0 ETFs have low correlation with UPWK (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.31, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.31 | 0.42 | 0.49 | 74 | S&P 500 | UPWK vs VOO | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.42 | 0.49 | 74 | S&P 500 | UPWK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UPWK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UPWK and solid risk/return profiles. The least correlated is Tidewater Inc. (TDW) (Energy) with a 1Y correlation of 0.03, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tidewater Inc. | 0.03 | 0.17 | 0.10 | 80 | Energy | |
| Lockheed Martin Corporation | 0.05 | 0.00 | 0.03 | 51 | Industrials | |
| Fabrinet | 0.07 | 0.23 | 0.30 | 93 | Technology | |
| Helix Energy Solutions Group, Inc. | 0.08 | 0.21 | 0.19 | 72 | Energy | |
| Marvell Technology Group Ltd. | 0.10 | 0.27 | 0.40 | 98 | Technology |
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