Looking to balance out your exposure to UVE? The ETFs below have the lowest correlation with UVE — they tend to move on their own, which can help reduce risk when UVE drops. The stock ideas table highlights individual companies that behave independently from UVE.
Best Diversifiers for UVE
1 ETFs have low correlation with UVE (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 0.08, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.08 | 0.19 | 0.25 | 60 | S&P 500 | UVE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UVE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UVE and solid risk/return profiles. The least correlated is IAMGOLD Corporation (IAG) (Basic Materials) with a 1Y correlation of -0.02, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IAMGOLD Corporation | -0.02 | 0.10 | 0.10 | 83 | Basic Materials | |
| Halozyme Therapeutics, Inc. | 0.03 | 0.14 | 0.15 | 69 | Healthcare | |
| International Seaways, Inc. | 0.11 | 0.10 | 0.12 | 98 | Energy | |
| Apple Inc | 0.11 | 0.12 | 0.15 | 88 | Technology | |
| Teekay Corporation | 0.17 | 0.14 | 0.16 | 87 | Energy |
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