Looking to balance out your exposure to URI? The ETFs below have the lowest correlation with URI — they tend to move on their own, which can help reduce risk when URI drops. The stock ideas table highlights individual companies that behave independently from URI.
Best Diversifiers for URI
1 ETFs have low correlation with URI (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.01 | 0.02 | -0.01 | 100 | Ultrashort Bond | URI vs SGOV | |
| Invesco QQQ ETF | 0.37 | 0.46 | 0.51 | 59 | Nasdaq-100 | URI vs QQQ | |
| ProShares UltraPro QQQ | 0.37 | 0.47 | 0.52 | 53 | Leveraged Equities | URI vs TQQQ | |
| iShares Semiconductor ETF | 0.40 | 0.47 | 0.53 | 95 | Semiconductors, Technology Equities | URI vs SOXX | |
| Schwab U.S. Dividend Equity ETF | 0.43 | 0.54 | 0.60 | 77 | Dividend | URI vs SCHD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from URI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to URI and solid risk/return profiles. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.12, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.12 | -0.02 | 0.05 | 61 | Utilities | |
| Altria Group, Inc. | -0.09 | 0.06 | 0.15 | 72 | Consumer Defensive | |
| Duke Energy Corporation | -0.05 | 0.03 | 0.09 | 62 | Utilities | |
| Murphy USA Inc. | -0.03 | 0.13 | 0.21 | 66 | Consumer Cyclical | |
| Cardinal Health, Inc. | -0.02 | 0.08 | 0.17 | 79 | Healthcare |
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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