Looking to balance out your exposure to URI? The ETFs below have historically moved differently from URI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for URI
1 ETFs have low correlation with URI (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.04, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.04 | 0.02 | -0.01 | 100 | Ultrashort Bond | URI vs SGOV | |
| Schwab U.S. Dividend Equity ETF | 0.34 | 0.51 | 0.58 | 95 | Dividend | URI vs SCHD | |
| iShares Semiconductor ETF | 0.44 | 0.49 | 0.53 | 90 | Semiconductors, Technology Equities | URI vs SOXX | |
| Vanguard S&P 500 ETF | 0.45 | 0.57 | 0.61 | 68 | S&P 500 | URI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.57 | 0.61 | 67 | S&P 500 | URI vs SPY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for URI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.12, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.12 | -0.02 | 0.05 | 59 | Utilities | |
| Altria Group, Inc. | -0.09 | 0.04 | 0.14 | 66 | Consumer Defensive | |
| Murphy USA Inc. | -0.08 | 0.11 | 0.19 | 89 | Consumer Cyclical | |
| Dropbox, Inc. | -0.07 | 0.17 | 0.33 | 61 | Technology | |
| Arch Capital Group Ltd. | -0.06 | 0.06 | 0.20 | 67 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements URI
Add URI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with URI