Looking to balance out your exposure to UTMD? The ETFs below have the lowest correlation with UTMD — they tend to move on their own, which can help reduce risk when UTMD drops. The stock ideas table highlights individual companies that behave independently from UTMD.
Best Diversifiers for UTMD
0 ETFs have low correlation with UTMD (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.33, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.33 | 0.35 | 0.36 | 70 | S&P 500 | UTMD vs SPY |
Diversification Analysis
Build a portfolio that complements UTMD
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