Looking to balance out your exposure to UROY? The ETFs below have the lowest correlation with UROY — they tend to move on their own, which can help reduce risk when UROY drops. The stock ideas table highlights individual companies that behave independently from UROY.
Best Diversifiers for UROY
2 ETFs have low correlation with UROY (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.02, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.02 | 0.09 | 0.22 | 80 | Dividend | UROY vs SCHD | |
| Vanguard Short-Term Treasury ETF | 0.02 | 0.03 | 0.02 | 83 | Government Bonds, Short-Term Bond | UROY vs VGSH | |
| Invesco QQQ ETF | 0.42 | 0.34 | 0.36 | 73 | Nasdaq-100 | UROY vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.35 | 0.39 | 70 | S&P 500 | UROY vs SPY | |
| iShares Expanded Tech Sector ETF | 0.44 | 0.37 | 0.37 | 79 | Technology Equities | UROY vs IGM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UROY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UROY and solid risk/return profiles. The least correlated is SELLAS Life Sciences Group, Inc. (SLS) (Healthcare) with a 1Y correlation of 0.25, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SELLAS Life Sciences Group, Inc. | 0.25 | 0.13 | 0.18 | 95 | Healthcare | |
| Taseko Mines Limited | 0.37 | 0.38 | 0.42 | 93 | Basic Materials | |
| Fortuna Silver Mines Inc. | 0.39 | 0.36 | 0.36 | 62 | Basic Materials | |
| Pan American Silver Corp. | 0.41 | 0.36 | 0.36 | 83 | Basic Materials | |
| Equinox Gold Corp. | 0.42 | 0.35 | 0.35 | 69 | Basic Materials |
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Build a portfolio that complements UROY
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