Looking to balance out your exposure to UVE? The ETFs below have historically moved differently from UVE, 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 UVE
2 ETFs have low correlation with UVE (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.07, roughly unchanged from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.08 | -0.06 | 100 | Ultrashort Bond | UVE vs SGOV | |
| State Street SPDR S&P 500 ETF | 0.02 | 0.16 | 0.23 | 71 | S&P 500 | UVE vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UVE, 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 DRDGOLD Limited (DRD) (Basic Materials) with a 1Y correlation of -0.10, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DRDGOLD Limited | -0.10 | 0.02 | 0.06 | 66 | Basic Materials | |
| Dell Technologies Inc. | -0.10 | 0.02 | 0.10 | 97 | Technology | |
| Oceaneering International, Inc. | -0.04 | 0.08 | 0.16 | 95 | Energy | |
| IAMGOLD Corporation | -0.03 | 0.08 | 0.08 | 83 | Basic Materials | |
| Flotek Industries, Inc. | -0.01 | 0.08 | 0.11 | 95 | Energy |
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