Looking to balance out your exposure to UTI? The ETFs below have historically moved differently from UTI, 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 UTI
2 ETFs have low correlation with UTI (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of 0.11, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.11 | 0.24 | 0.27 | 59 | Nasdaq-100 | UTI vs QQQM | |
| Franklin International Low Volatility High Dividen... | 0.12 | 0.16 | 0.22 | 97 | Dividend, Low Volatility | UTI vs LVHI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UTI, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.04, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.04 | 0.13 | 0.18 | 68 | Technology | |
| Credo Technology Group Holding Ltd | -0.02 | 0.14 | 0.18 | 77 | Technology | |
| Triton International Ltd | 0.01 | 0.02 | 0.08 | 88 | Industrials | |
| Smithfield Foods, Inc | 0.02 | 0.08 | 0.08 | 57 | Consumer Defensive | |
| Church & Dwight Co., Inc. | 0.03 | 0.02 | 0.01 | 54 | Consumer Defensive |
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