Looking to balance out your exposure to UWMC? The ETFs below have the lowest correlation with UWMC — they tend to move on their own, which can help reduce risk when UWMC drops. The stock ideas table highlights individual companies that behave independently from UWMC.
Best Diversifiers for UWMC
0 ETFs have low correlation with UWMC (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 0.32, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.32 | 0.39 | 0.41 | 74 | S&P 500 | UWMC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UWMC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UWMC and solid risk/return profiles. The least correlated is Arista Networks, Inc. (ANET) (Technology) with a 1Y correlation of 0.11, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arista Networks, Inc. | 0.11 | 0.14 | 0.20 | 77 | Technology | |
| Advanced Micro Devices, Inc. | 0.13 | 0.18 | 0.26 | 97 | Technology | |
| Red Cat Holdings, Inc. | 0.13 | 0.12 | 0.14 | 67 | Technology | |
| Oklo Inc. | 0.17 | 0.11 | 0.11 | 55 | Utilities | |
| The Goldman Sachs Group, Inc. | 0.22 | 0.33 | 0.35 | 93 | Financial Services |
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