45 Stocks and 55 ETFs for diversifying Ultrapar Participacoes S.A. (UGP)
The least correlated asset to Ultrapar Participacoes S.A. (UGP) is ETF BZQ (ProShares UltraShort MSCI Brazil Capped ETF -2x Shares). The correlation is -0.7856.
Stocks that lowly correlated with UGP
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| PN | Skycorp Solar Group Ltd - Series A | $100M | Technology | Solar | -0.69 |
| CHA | Chagee Holdings Ltd | $1.65B | Consumer Cyclical | Restaurants | -0.60 |
| ARAI | Arrive AI Inc | $26M | Technology | Scientific & Technical Instruments | -0.59 |
| OTF | Blue Owl Technology Finance Corp | $4.94B | Financial Services | Asset Management | -0.58 |
| GENVR | Gen Digital Inc | $1.02B | N/A | N/A | -0.55 |
| RBRK | Rubrik Inc - Class A | $13B | Technology | Software - Infrastructure | -0.55 |
| HTLM | HomesToLife Ltd | $157M | Consumer Cyclical | Specialty Retail | -0.53 |
| RECT | Rectitude Holdings Ltd | $19M | Consumer Cyclical | Specialty Retail | -0.53 |
| HRYU | Global Interactive Technologies Inc | $760K | Communication Services | Internet Content & Information | -0.51 |
| WWACU | Aeries Technology Inc - Units (1 Ord Class A & 1/2 War) | $41M | N/A | N/A | -0.50 |
| BGM | Qilian International Holding Group Ltd - Class A | $7.45M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.50 |
| HCHL | Happy City Holdings Ltd - Class A | $59M | Consumer Cyclical | Restaurants | -0.50 |
| HNGE | Hinge Health Inc - Class A | $4.21B | Healthcare | Health Information Services | -0.49 |
| STFS | Star Fashion Culture Holdings Ltd - Class A | $903K | Communication Services | Advertising Agencies | -0.49 |
| ZENA | ZenaTech Inc | $97M | Technology | Software - Infrastructure | -0.49 |
| NNE | Nano Nuclear Energy Inc | $1.42B | Industrials | Specialty Industrial Machinery | -0.48 |
| MSDL | Morgan Stanley Direct Lending Fund | $1.30B | Financial Services | Asset Management | -0.48 |
| TWFG | TWFG Inc - Class A | $275M | Financial Services | Insurance Brokers | -0.48 |
| CRCL | Circle Internet Group Inc - Class A | $25B | Financial Services | Capital Markets | -0.48 |
| TTAN | ServiceTitan Inc - Class A | $5.85B | Technology | Software - Application | -0.47 |
| RIBBR | Ribbon Acquisition Corp Rights | $277K | N/A | N/A | -0.47 |
| CUPR | Cuprina Holdings (Cayman) Ltd - Class A | $5.42M | Healthcare | Medical Instruments & Supplies | -0.46 |
| AIRJW | Montana Technologies Corp Wt Exp | $1.88M | N/A | N/A | -0.46 |
| AMAO | American Acquisition Opportunity Inc - Class A | $118M | N/A | N/A | -0.44 |
| IPXXU | USA Rare Earth Inc - Units (1 Ord Class A & 1/2 Warr) | $66M | N/A | N/A | -0.44 |
| RETO | ReTo Eco-Solutions Inc | $6.13M | Basic Materials | Building Materials | -0.44 |
| RAL | Ralliant Corporation | $6.99B | N/A | N/A | -0.44 |
| PRZO | ParaZero Technologies Ltd | $11M | Industrials | Aerospace & Defense | -0.42 |
| CCIXW | Churchill Capital Corp IX - Warrants (04/12/2029) | $17M | N/A | N/A | -0.42 |
| CHYM | Chime Financial Inc - Class A | $6.59B | Technology | Software - Application | -0.42 |
| GBRG | SunCar Technology Group Inc | $11M | N/A | N/A | -0.42 |
| HPAI | Helport AI Ltd | $33M | Technology | Software - Infrastructure | -0.41 |
| AACT | Ares Acquisition Corporation II - Class A | $588M | Financial Services | Shell Companies | -0.41 |
| RCT | RedCloud Holdings PLC | $41M | Technology | Software - Application | -0.40 |
| ANGX | Angel Studios Inc - Class A | $474M | Communication Services | Entertainment | -0.40 |
| NUKKW | Nukkleus Inc - Warrants (22/12/2028) | $1.41B | N/A | N/A | -0.40 |
| ALMU | Aeluma, Inc. Common Stock | $420M | N/A | N/A | -0.40 |
| WAY | Waystar Holding Corp | $3.65B | Healthcare | Health Information Services | -0.39 |
| UMAC | Unusual Machines Inc | $900M | Technology | Computer Hardware | -0.39 |
| BTCW | WisdomTree Bitcoin Fund | $162M | N/A | N/A | -0.39 |
| FGMC | FG Merger II Corp | $91M | Financial Services | Shell Companies | -0.39 |
| EZBC | Franklin Templeton Digital Holdings Trust | $429M | N/A | N/A | -0.39 |
| HDL | Super Hi International Holding Ltd | $782M | Consumer Cyclical | Restaurants | -0.39 |
| FLYE | Fly-E Group Inc | $3M | Consumer Cyclical | Auto Manufacturers | -0.39 |
| IBG | Innovation Beverage Group Ltd | $1.22M | Consumer Defensive | Beverages - Wineries & Distilleries | -0.39 |