Looking to balance out your exposure to USB? The ETFs below have the lowest correlation with USB — they tend to move on their own, which can help reduce risk when USB drops. The stock ideas table highlights individual companies that behave independently from USB.
Best Diversifiers for USB
11 ETFs have low correlation with USB (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.03, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.03 | -0.07 | -0.04 | 100 | Government Bonds, Ultrashort Bond | USB vs BIL | |
| F/m US Treasury 3 Month Bill ETF | 0.10 | 0.04 | — | 100 | Ultrashort Bond | USB vs TBIL | |
| Global X Data Center & Digital Infrastructure ETF | 0.12 | 0.31 | 0.36 | 89 | REIT | USB vs DTCR | |
| Invesco QQQ ETF | 0.22 | 0.29 | 0.35 | 59 | Nasdaq-100 | USB vs QQQ | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.23 | 0.31 | 0.37 | 96 | Leveraged Equities, Semiconductors | USB vs SOXL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from USB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to USB and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.13, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.13 | 0.06 | 0.17 | 68 | Energy | |
| EOG Resources, Inc. | -0.04 | 0.18 | 0.29 | 58 | Energy | |
| Suncor Energy Inc. | -0.04 | 0.17 | 0.28 | 84 | Energy | |
| Energy Transfer LP | -0.04 | 0.20 | 0.28 | 70 | Energy | |
| TotalEnergies SE | -0.02 | 0.13 | 0.19 | 79 | Energy |
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