Overview Performance Dividends Metrics Financials ETFs Industry Splits Correlations

26 Stock and 74 ETF Ultrapar Participacoes S.A. (UGP) alternatives

The most close Ultrapar Participacoes S.A. (UGP) alternative is company Waton Financial (WTF). The correlation is 0.8397.

Stocks that highly correlated with UGP

Symbol	Name	Market cap	Sector	Industry	Correlation
WTF	Waton Financial Ltd	$132M	Financial Services	Capital Markets	0.84
BBDO	Banco Bradesco S.A.	$34B	Financial Services	Banks - Regional	0.74
BBD	Banco Bradesco S.A.	$38B	Financial Services	Banks - Regional	0.71
CSAN	Cosan S.A	$2.57B	Energy	Oil & Gas Refining & Marketing	0.70
VIV	Telefonica Brasil S.A.	$22B	Communication Services	Telecom Services	0.70
ITUB	Itau Unibanco Holding S.A.	$94B	Financial Services	Banks - Regional	0.70
SBS	Companhia de Saneamento Basico do Estado de Sao Paulo.	$21B	Utilities	Utilities - Regulated Water	0.69
TIMB	TIM SA	$11B	Communication Services	Telecom Services	0.69
ARCO	Arcos Dorados Holdings Inc - Class A	$1.73B	Consumer Cyclical	Restaurants	0.67
AGM-P-H	Federal Agricultural Mortgage Corp	$259M	N/A	N/A	0.67
GLIBK	GCI Liberty Inc	$877M	Communication Services	Telecom Services	0.66
BSBR	Banco Santander (Brasil) S.A.	$38B	Financial Services	Banks - Regional	0.65
ELP	Cia Paranaense De Energia Copel	$6.88B	Utilities	Utilities - Regulated Electric	0.64
ABEV	Ambev S.A.	$48B	Consumer Defensive	Beverages - Brewers	0.64
PBR-A	Petroleo Brasileiro S.A. Petrobras	$98B	Energy	Oil & Gas Integrated	0.63
JBS	JBS N.V. - Class A	$13B	Consumer Defensive	Packaged Foods	0.62
XP	XP Inc - Class A	$8.86B	Financial Services	Capital Markets	0.62
PBR	Petroleo Brasileiro S.A. Petrobras	$115B	Energy	Oil & Gas Integrated	0.61
CMDB	Costamare Bulkers Holdings Ltd	$485M	Industrials	Marine Shipping	0.60
CIG	Cia Energetica DE Minas Gerais - Cemig	$6.18B	Utilities	Utilities - Regulated Electric	0.60
TMUSI	TMobile US Inc 5.500 Senior Notes due June 2070	$23B	N/A	N/A	0.59
ELPC	Cia Paranaense De Energia Copel ADR (Representing )	$8.52B	Utilities	Utilities - Regulated Electric	0.59
NEE-P-U	NextEra Energy Inc Series U Junior Subordinated Debentures due June 1 2085	$51B	N/A	N/A	0.59
DKI	Darkiris Inc - Class A	$6.20M	Communication Services	Electronic Gaming & Multimedia	0.58
MLAC	Mountain Lake Acquisition Corp - Class A	$43M	N/A	N/A	0.57
CIG-C	Cia Energetica DE Minas Gerais - Cemig	$9.18B	Utilities	Utilities - Regulated Electric	0.57

ETFs that highly correlated with UGP

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
FLBR	FRANKLIN FTSE BRAZIL ETF	$518M	0.19%	Nov 3, 2017	0.83
FLLA	FRANKLIN FTSE LATIN AMERICA ETF	$106M	0.19%	Oct 9, 2018	0.81
EWZ	ISHARES MSCI BRAZIL ETF	$9.10B	0.59%	Jul 10, 2000	0.81
BRAZ	GLOBAL X BRAZIL ACTIVE ETF	$9.90M	0.75%	Aug 16, 2023	0.80
BRF	VANECK BRAZIL SMALL-CAP ETF	$22M	0.60%	May 12, 2009	0.80
UBR	PROSHARES ULTRA MSCI BRAZIL CAPPED	$3.60M	N/A	Apr 27, 2010	0.80
EWZS	ISHARES MSCI BRAZIL SMALL-CAP ETF	$235M	0.59%	Sep 28, 2010	0.79
FLN	First Trust Latin America AlphaDEX Fund	$35M	0.80%	Apr 18, 2011	0.79
ILF	ISHARES LATIN AMERICA 40 ETF	$3.70B	0.47%	Oct 25, 2001	0.78
CEFZ	RIVERNORTH ACTIVE INCOME ETF	$40M	3.36%	Dec 27, 2006	0.77
BRZU	DIREXION DAILY MSCI BRAZIL BULL 2X SHARES	$94M	N/A	Apr 10, 2013	0.76
NTRL	First Trust Equity Market Neutral ETF	$19M	0.95%	Feb 4, 2020	0.71
TIPB	NORTHERN TRUST 2035 INFLATION-LINKED DISTRIBUTING LADDER ETF	$8M	0.10%	Aug 18, 2025	0.71
FEMB	FIRST TRUST EMERGING MARKETS LOCAL CURRENCY BOND ETF	$353M	0.85%	Nov 4, 2014	0.70
BLUI	BLUEMONTE DIVERSIFIED INCOME ETF	$105M	0.75%	Jun 20, 2025	0.70
ELD	WisdomTree Emerging Market Local Debt Fund	$142M	0.55%	Aug 9, 2010	0.70
EMLC	VANECK J.P. MORGAN EM LOCAL CURRENCY BOND ETF	$4.90B	0.30%	Jul 22, 2010	0.69
CEW	WISDOMTREE EMERGING CURRENCY STRATEGY FUND	$16M	0.55%	May 6, 2009	0.68
LEMB	ISHARES J.P. MORGAN EM LOCAL CURRENCY BOND ETF	$720M	0.30%	Oct 18, 2011	0.67
EMIF	ISHARES EMERGING MARKETS INFRASTRUCTURE ETF	$13M	0.60%	Jun 16, 2009	0.66
EDOG	ALPS EMERGING SECTOR DIVIDEND DOGS ETF	$28M	0.60%	Mar 27, 2014	0.66
ECOW	PACER EMERGING MARKETS CASH COWS 100 ETF	$210M	0.70%	May 2, 2019	0.65
KEAT	KEATING ACTIVE ETF	$111M	0.85%	Mar 26, 2024	0.65
RNEM	EMERGING MARKETS EQUITY SELECT ETF	$16M	0.76%	Jun 20, 2017	0.64
EDD	Morgan Stanley Emerging Markets Domestic Debt Fund Inc	$380M	N/A	N/A	0.64
JPEM	JPMORGAN DIVERSIFIED RETURN EMERGING MARKETS EQUITY ETF	$378M	0.44%	Jan 7, 2015	0.63
SDEM	GLOBAL X MSCI SUPERDIVIDEND EMERGING MARKETS ETF	$43M	0.66%	Mar 16, 2015	0.63
OTGL	OTG LATIN AMERICA ETF	$28M	0.95%	May 7, 2019	0.62
EBND	SPDR(R) BLOOMBERG EMERGING MARKETS LOCAL BOND ETF	$2.30B	0.30%	Feb 23, 2011	0.61
PDDL	GRANITESHARES 2X LONG PDD DAILY ETF	$7.60M	N/A	Jul 14, 2025	0.61
KEMX	KRANESHARES MSCI EMERGING MARKETS EX CHINA INDEX ETF	$134M	0.24%	Apr 12, 2019	0.61
WWJD	INSPIRE INTERNATIONAL ETF	$550M	0.61%	Sep 30, 2019	0.60
GVAL	CAMBRIA GLOBAL VALUE ETF	$519M	0.66%	Mar 11, 2014	0.60
EELV	INVESCO S&P EMERGING MARKETS LOW VOLATILITY ETF	$423M	0.29%	Jan 13, 2012	0.60
ROAM	HARTFORD MULTIFACTOR EMERGING MARKETS ETF	$111M	0.44%	Feb 25, 2015	0.60
XCEM	COLUMBIA EM CORE EX-CHINA ETF	$2.10B	0.16%	Sep 1, 2015	0.59
XLCI	STATE STREET(R) COMMUNICATION SERVICES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R ) COMMUNICATION SERVICES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF	$2.10M	0.35%	Jul 29, 2025	0.59
EEMS	ISHARES MSCI EMERGING MARKETS SMALL-CAP ETF	$380M	0.72%	Aug 16, 2011	0.59
EDIV	STATE STREET(R) SPDR(R) S&P EMERGING MARKETS DIVIDEND ETF	$1.20B	0.49%	Feb 23, 2011	0.59
EMXC	ISHARES MSCI EMERGING MARKETS EX CHINA ETF	$26B	0.25%	Jul 18, 2017	0.59
DEM	WISDOMTREE EMERGING MARKETS HIGH DIVIDEND FUND	$3.90B	0.63%	Jul 13, 2007	0.58
FEM	FIRST TRUST EMERGING MARKETS ALPHADEX FUND	$747M	0.80%	Apr 18, 2011	0.58
DVYE	ISHARES EMERGING MARKETS DIVIDEND ETF	$1.20B	0.50%	Feb 23, 2012	0.58
AVDE	AVANTIS INTERNATIONAL EQUITY ETF	$17B	0.23%	Sep 24, 2019	0.58
TPIF	TIMOTHY PLAN INTERNATIONAL ETF	$245M	0.62%	Dec 2, 2019	0.58
EMHY	ISHARES J.P. MORGAN EM HIGH YIELD BOND ETF	$607M	0.50%	Apr 3, 2012	0.57
FEMS	FIRST TRUST EMERGING MARKETS SMALL CAP ALPHADEX FUND	$252M	0.80%	Feb 15, 2012	0.57
DGS	WISDOMTREE EMERGING MARKETS SMALLCAP DIVIDEND FUND	$1.80B	0.58%	Oct 30, 2007	0.57
AVDV	AVANTIS INTERNATIONAL SMALL CAP VALUE ETF	$19B	0.36%	Sep 24, 2019	0.57
VIDI	VIDENT INTERNATIONAL EQUITY STRATEGY ETF	$436M	0.61%	Oct 29, 2013	0.57
VYMI	VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND ETF SHARES	$20B	0.07%	Feb 25, 2016	0.57
FDEV	FIDELITY INTERNATIONAL MULTIFACTOR ETF	$273M	0.18%	Feb 26, 2019	0.57
FRDM	FREEDOM 100 EMERGING MARKETS ETF	$3.60B	0.49%	May 22, 2019	0.57
PXH	INVESCO FTSE RAFI EMERGING MARKETS ETF	$1.90B	0.47%	Sep 27, 2007	0.57
IFV	FIRST TRUST DORSEY WRIGHT INTERNATIONAL FOCUS 5 ETF	$256M	1.14%	Jul 22, 2014	0.57
BBIN	JPMORGAN BETABUILDERS INTERNATIONAL EQUITY ETF	$6.50B	0.07%	Dec 3, 2019	0.56
WIP	SPDR(R) FTSE INTERNATIONAL GOVERNMENT INFLATION-PROTECTED BOND ETF	$513M	0.50%	Mar 13, 2008	0.56
FDEM	FIDELITY EMERGING MARKETS MULTIFACTOR ETF	$587M	0.25%	Feb 26, 2019	0.56
IGME	BITWISE GME OPTION INCOME STRATEGY ETF	$1.10M	0.96%	Jun 9, 2025	0.56
MXF	Mexico Fund Inc	$355M	N/A	N/A	0.56
FNDE	SCHWAB FUNDAMENTAL EMERGING MARKETS EQUITY ETF	$9.20B	0.39%	Aug 15, 2013	0.56
FLMX	FRANKLIN FTSE MEXICO ETF	$84M	0.19%	Nov 3, 2017	0.56
IYLD	ISHARES MORNINGSTAR MULTI-ASSET INCOME ETF	$126M	0.50%	Apr 3, 2012	0.56
ASEA	GLOBAL X FTSE SOUTHEAST ASIA ETF	$92M	0.65%	Feb 16, 2011	0.56
HDLB	UBS AG London Branch ETRACS Monthly Pay 2X Leveraged US High Divid Low Volatility ETN Ser B 09302044	$5.20M	N/A	Oct 25, 2019	0.55
IQDF	FLEXSHARES INTERNATIONAL QUALITY DIVIDEND INDEX FUND	$1.10B	0.47%	Apr 12, 2013	0.55
TLTE	FLEXSHARES MORNINGSTAR EMERGING MARKETS FACTOR TILT INDEX FUND	$354M	0.57%	Sep 25, 2012	0.55
QLVD	FLEXSHARES DEVELOPED MARKETS EX-US QUALITY LOW VOLATILITY INDEX FUND	$52M	0.12%	Jul 15, 2019	0.55
FIDI	FIDELITY INTERNATIONAL HIGH DIVIDEND ETF	$325M	0.18%	Jan 16, 2018	0.55
IHY	VANECK INTERNATIONAL HIGH YIELD BOND ETF	$43M	0.40%	Apr 2, 2012	0.55
IQSI	NYLI CANDRIAM INTERNATIONAL EQUITY ETF	$261M	0.15%	Dec 17, 2019	0.55
DVYA	ISHARES ASIA/PACIFIC DIVIDEND ETF	$66M	0.49%	Feb 23, 2012	0.55
DTH	WISDOMTREE INTERNATIONAL HIGH DIVIDEND FUND	$624M	0.58%	Jun 16, 2006	0.55
EFAS	GLOBAL X MSCI SUPERDIVIDEND EAFE ETF	$48M	0.55%	Nov 10, 2016	0.55