Looking to balance out your exposure to UPXI? The ETFs below have the lowest correlation with UPXI — they tend to move on their own, which can help reduce risk when UPXI drops. The stock ideas table highlights individual companies that behave independently from UPXI.
Best Diversifiers for UPXI
0 ETFs have low correlation with UPXI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.44, up from 0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.44 | 0.19 | — | 74 | S&P 500 | UPXI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UPXI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UPXI and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.35, up from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.35 | 0.12 | — | 58 | Consumer Cyclical | |
| TMC the metals company Inc. | 0.38 | 0.14 | — | 58 | Basic Materials |
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