Looking to balance out your exposure to UUGRY? The ETFs below have the lowest correlation with UUGRY — they tend to move on their own, which can help reduce risk when UUGRY drops. The stock ideas table highlights individual companies that behave independently from UUGRY.
No Diversifiers Found for UUGRY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UUGRY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UUGRY and solid risk/return profiles. The least correlated is Shell plc (SHEL) (Energy) with a 1Y correlation of 0.08, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Shell plc | 0.08 | 0.12 | 0.11 | 81 | Energy | |
| Rio Tinto Group | 0.25 | 0.24 | 0.24 | 94 | Basic Materials | |
| HSBC Holdings plc | 0.28 | 0.19 | 0.20 | 90 | Financial Services | |
| AstraZeneca PLC | 0.30 | 0.27 | 0.29 | 73 | Healthcare | |
| GlaxoSmithKline plc | 0.34 | 0.31 | 0.35 | 71 | Healthcare |
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