# How United Rentals (URI) compares with the whole market and its popular alternatives

> Source: BetterThanSPY research, https://betterthanspy.com/research/uri
> Data as of October 22, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on URI alone. It places URI (United Rentals, Inc.) against 13 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where URI stands in the market, and of the alternatives worth a closer look.

Period covered: URI's full trading record, from December 1997 through September 2026. All returns include reinvested dividends. Data as of October 22, 2026.

## Key findings

- **Right now:** Over the past 6 months, URI rose 38.9% against 8.0% for the S&P 500 and 7.8% for the Nasdaq 100. URI has bounced back 51.5% from its April 2025 low after a 37.0% loss from November 2024 to April 2025 after falling while the S&P 500 fell 15.5%.
- **Stock or market?:** URI held up far better than its industry: it rose 7.5% over the past 3 months while the equipment rental ETF XLI (State Street Industrial Select Sector SPDR ETF) fell 6.5%. The S&P 500 rose 2.5%. URI rose 6.5% last month as the S&P 500 fell 1.2% and the Nasdaq 100 fell 5.8%.
- **Past 1 to 3 years:** URI has trailed the market, rising 13.0% over the past year against 15.6% for the S&P 500 and 16.9% for the Nasdaq 100. URI finished behind the S&P 500 in both 2024 and 2025.
- **Long term:** URI turned $10,000 into $151,000 over the past decade, against $41,600 in the S&P 500. URI's 10-year return of 1,407% puts it ahead of 97% of the stocks worth at least $300 million with that much history. The S&P 500 returned 316%.
- **In a crash:** Across seven sell-offs, URI has typically fallen 2.1 times as far as the S&P 500.
- **Diversification:** URI is more of the same, not a cushion: a correlation of 0.68 with the S&P 500 over 5 years and 0.71 with the total US market, more closely than 98% of stocks worth at least $300 million.
- **Better options**
  - **Popular alternatives:** CAT (Caterpillar) and R (Ryder System) earned more than URI with less volatility over the past 5 years. CAT returned 30.7% a year at 32.0% volatility, against 25.7% a year at 39.1%.
  - **Nearby categories and themes:** ESLT (Elbit Systems, aerospace & defense) and EME (EMCOR Group, engineering & construction) earned more than URI with less volatility over the past 5 years. ESLT returned 39.7% a year at 34.6% volatility, against 25.7% a year at 39.1%.
  - **Whole market:** Few investments have done better on both counts: only 64 of the 3,641 stocks and funds worth at least $500 million earned more than URI with less volatility over the past 5 years, among them LLY (Eli Lilly and Company), XOM (Exxonmobil) and CAT (Caterpillar).

## How much would $10,000 in URI have grown?

This chart tracks a hypothetical $10,000 investment in URI over the past 28 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of URI over the same span and URI's popular alternatives, among those that traded for the entire period.

- $10,000 invested in URI at the end of September 1998 would have grown to $434,165 by September 2026, more than the $121,630 it would have become in SPY, an S&P 500 fund.
- Five of the eight other investments on the chart ended ahead of URI, and EME finished highest, at $2,112,219.

## URI at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout.

- URI's deepest decline since it began trading in 1997 was 93.7%, from July 1998 to March 2009. It took about four years from the low to climb back to its old high.
- Over 28 full calendar years, URI's best was 2010, when it returned 132%, and its worst was 2002, when it lost 52.6%. It lost money in eight of those years.
- URI is 4.6% below its all-time high.

- Type: Stock, Industrials (Rental & Leasing Services)
- Trading since: December 18, 1997
- Market value: $69B
- Volatility (5 years): 39.1%; Sharpe ratio: 0.78
- Worst decline ever: −93.7%, from July 20, 1998 to March 9, 2009; back at its high by January 3, 2013

| Period | URI total return |
| --- | --- |
| 1 month | +6.5% |
| 3 months | +7.5% |
| 6 months | +38.9% |
| year to date | +32.3% |
| 1 year | +13.0% |
| 3 years | +179% |
| 5 years | +213% |
| 10 years | +1,407% |

## URI against the whole market

Where URI ranks among every stock and fund, and what across the market has done better.

### How does URI rank among all stocks?

This section ranks URI on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history.

- URI's 10-year return ranks in the top 3% of the 2,201 stocks worth at least $300 million with 10 years of history.

| Measure | URI | Rank |
| --- | --- | --- |
| 1-year return | +13.0% | 1,515 of 3,282 (top 47%) |
| 3-year return | +179% | 463 of 3,016 (top 16%) |
| 5-year return | +213% | 278 of 2,897 (top 10%) |
| 10-year return | +1,407% | 63 of 2,201 (top 3%) |
| Volatility, 5 years | 39.1% | 1,405 of 2,897 (top 49%) |
| Sharpe ratio, 5 years | 0.78 | 311 of 2,897 (top 11%) |
| Worst decline, past 10 years | −63.3% | 1,010 of 2,184 (top 47%) |

### What has beaten URI on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer).

- 62 stocks and two ETFs worth at least $500 million sit in the green region: each earned more than URI over the past 5 years with smaller price swings. That is 2% of the 3,641 screened. Few investments beat it on both counts.
- Among those with at least half URI's swings, CAH has the best return for its risk: 41.7% a year at 24.7% volatility, 37% less than URI's 39.1%, and a Sharpe ratio (return above cash per unit of volatility) of 1.54 against 0.78 for URI. MPC earned the most, 50.0% a year, while still swinging less than URI (33.4% against 39.1%).
- Among URI's popular alternatives, CAT and R are in the region. CAT earned 30.7% a year against 25.7% a year for URI, at 32.0% volatility, 18% less than URI's 39.1%.

### Is there a better investment than URI?

The table below lists investments that beat URI over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes.

- Among URI's popular alternatives, CAT and R earned more than URI with less volatility over the past 5 years. CAT returned 30.7% a year at 32.0% volatility, against 25.7% a year at 39.1%.
- Looking beyond its popular alternatives, ESLT (aerospace & defense) and EME (engineering & construction) earned more than URI with less volatility over the past 5 years. ESLT returned 39.7% a year at 34.6% volatility, against 25.7% a year at 39.1%.
- Few investments have done better on both counts: only 64 of the 3,641 stocks and funds worth at least $500 million earned more than URI with less volatility over the past 5 years, among them LLY, XOM and CAT.

The 15 strongest of 64 investments that beat URI over the past 5 years, out of 3,641 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 10Y return | Correlation with URI | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| URI: United Rentals, Inc. (this page) |  | +25.7% | 39.1% | 0.78 | −63.3% | +1,407% |  |  |
| [LLY](https://betterthanspy.com/research/lly): Eli Lilly and Company | Pharmaceuticals | +41.2% | 32.8% | 1.22 | −34.5% | +1,870% | -0.06 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [CAH](https://betterthanspy.com/research/cah): Cardinal Health, Inc. | Health Care Distribution | +41.7% | 24.7% | 1.54 | −46.1% | +345% | 0.20 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [MPC](https://betterthanspy.com/research/mpc): Marathon Petroleum Corporation | Oil Refining | +50.0% | 33.4% | 1.39 | −79.7% | +1,314% | 0.24 | Higher return, lower volatility; Higher return in most periods |
| NHC: National HealthCare Corporation | Health Care Facilities | +31.2% | 28.6% | 1.10 | −35.3% | +385% | 0.35 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [VLO](https://betterthanspy.com/research/vlo): Valero Energy Corporation | Oil Refining | +43.8% | 36.9% | 1.18 | −71.9% | +1,014% | 0.27 | Higher return, lower volatility; Higher return in most periods |
| [MUFG](https://betterthanspy.com/research/mufg): Mitsubishi UFJ Financial Group, Inc. | Banks | +33.5% | 29.4% | 1.14 | −54.9% | +485% | 0.43 | Higher return, lower volatility; Higher Sharpe, smaller worst decline |
| [MCK](https://betterthanspy.com/research/mck): McKesson Corporation | Health Care Distribution | +37.8% | 25.1% | 1.41 | −38.1% | +582% | 0.07 | Higher return, lower volatility; Higher Sharpe, smaller worst decline |
| [APH](https://betterthanspy.com/research/aph): Amphenol Corporation | Electronic Components | +31.3% | 32.4% | 1.01 | −37.5% | +887% | 0.60 | Higher return, lower volatility; Higher Sharpe, smaller worst decline |
| [IBKR](https://betterthanspy.com/research/ibkr): Interactive Brokers Group, Inc. | Investment Banking & Brokerage | +35.3% | 35.5% | 1.03 | −55.1% | +929% | 0.49 | Higher return, lower volatility; Higher Sharpe, smaller worst decline |
| [MFG](https://betterthanspy.com/research/mfg): Mizuho Financial Group, Inc. | Banks | +33.9% | 30.6% | 1.11 | −45.7% | +343% | 0.41 | Higher return, lower volatility; Higher Sharpe, smaller worst decline |
| CIB: Grupo Cibest S.A. | Banks | +33.5% | 32.9% | 1.04 | −70.4% | +351% | 0.21 | Higher return, lower volatility; Higher return in most periods |
| [SMFG](https://betterthanspy.com/research/smfg): Sumitomo Mitsui Financial Group, Inc. | Banks | +34.0% | 29.4% | 1.15 | −47.6% | +470% | 0.34 | Higher return, lower volatility; Higher Sharpe, smaller worst decline |
| [GWW](https://betterthanspy.com/research/gww): W.W. Grainger, Inc. | Industrial Distribution | +26.7% | 24.9% | 1.08 | −41.6% | +670% | 0.66 | Higher return, lower volatility; Higher Sharpe, smaller worst decline |
| [SMH](https://betterthanspy.com/research/smh): VanEck Semiconductor ETF | Semiconductors | +32.2% | 37.0% | 0.94 | −45.3% | +1,570% | 0.52 | Higher return, lower volatility; Higher Sharpe, smaller worst decline |
| CASY: Casey's General Stores, Inc. | Convenience Stores | +30.8% | 29.4% | 1.06 | −36.1% | +560% | 0.29 | Higher return, lower volatility; Higher Sharpe, smaller worst decline |

## URI against its popular alternatives

The investments people most often weigh against URI, compared period by period and year by year.

### How do URI's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings.

- PWR, CAT and R were both more rewarding and calmer than URI over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, URI returned 25.7% a year, more than the S&P 500's 12.5%, with higher volatility (39.1% against 17.2%).

### Has URI consistently beaten its popular alternatives?

This section compares URI with the investments people most often weigh against it, checking each one over eight periods from one month to ten years.

- None of the 13 popular alternatives outperformed URI in at least 3 of 5 short-term and 2 of 3 long-term timeframes. The closest was PWR.
- PWR and CAT earned more for the risk they took than URI (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.
- PWR outperformed URI over all three long-term periods but in only one of the five short-term ones, so URI has had the better of it lately.

| Investment | 1Y return | 3Y return | 5Y return | 10Y return | Periods ahead of URI | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- | --- |
| URI: United Rentals, Inc. (this page) | +13.0% | +179% | +213% | +1,407% |  |  | 0.78 |
| [PWR](https://betterthanspy.com/research/pwr): Quanta Services, Inc. | +34.1% | +235% | +371% | +1,878% | 1/5 short-term, 3/3 long-term |  | 1.02 |
| FTAI: FTAI Aviation Ltd. | −7.8% | +398% | +695% | +2,602% | 0/5 short-term, 3/3 long-term |  | 1.02 |
| [CAT](https://betterthanspy.com/research/cat): Caterpillar Inc. | +38.1% | +196% | +281% | +913% | 1/5 short-term, 2/3 long-term |  | 1.00 |
| R: Ryder System, Inc. | +47.8% | +181% | +237% | +447% | 3/5 short-term, 1/3 long-term |  | 0.90 |
| [DE](https://betterthanspy.com/research/de): Deere & Company | +40.8% | +79.5% | +102% | +764% | 2/5 short-term, 0/3 long-term |  | 0.62 |
| HRI: Herc Holdings Inc. | +4.9% | +31.8% | −22.0% | +399% | 0/5 short-term, 0/3 long-term |  | 0.17 |
| MGRC: McGrath RentCorp | −2.8% | +26.6% | +68.4% | +365% | 0/5 short-term, 0/3 long-term |  | 0.53 |
| GATX: GATX Corporation | +3.2% | +66.5% | +94.9% | +345% | 0/5 short-term, 0/3 long-term |  | 0.66 |
| OSK: Oshkosh Corp | +2.1% | +59.5% | +38.2% | +194% | 0/5 short-term, 0/3 long-term |  | 0.36 |
| TEX: Terex Corporation | −0.3% | +14.3% | +22.0% | +144% | 0/5 short-term, 0/3 long-term |  | 0.31 |
| TRN: Trinity Industries, Inc. | −3.7% | +36.8% | +6.1% | +114% | 0/5 short-term, 0/3 long-term |  | 0.21 |
| UHAL: U-Haul Holding Company | +2.0% | +10.7% | −21.5% | +74.4% | 0/5 short-term, 0/3 long-term |  | -0.01 |
| WSC: WillScot Holdings Corporation | −22.5% | −56.4% | −49.6% | +71.2% | 0/5 short-term, 0/3 long-term |  | -0.12 |

### How did URI do year by year?

This table shows each investment's total return in every full calendar year since 1998, along with where URI ranked among its popular alternatives each year.

- Ranked against its popular alternatives each year, URI finished in the top quarter in 11 of 28 years and in the bottom quarter in five. In 2025, it ranked 7 of 14.
- URI finished ahead of the S&P 500 in 16 of its 28 full calendar years, and behind it in each of the last two.
- Among its popular alternatives, PWR came out ahead of URI most often, in 15 of the 27 years both traded.

| Year | URI | SPY |
| --- | --- | --- |
| 2025 | +15.9% | +17.7% |
| 2024 | +24.0% | +24.9% |
| 2023 | +63.6% | +26.2% |
| 2022 | +7.0% | −18.2% |
| 2021 | +43.3% | +28.7% |
| 2020 | +39.1% | +18.3% |
| 2019 | +62.6% | +31.2% |
| 2018 | −40.4% | −4.6% |
| 2017 | +62.8% | +21.7% |
| 2016 | +45.6% | +12.0% |

## Risk and diversification

How URI has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

### What were URI's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high.

- In all five of URI's worst declines, the S&P 500 held up better over the same dates.
- The slowest recovery came after URI fell 93.7% from July 1998 to March 2009; it did not regain that peak until January 2013, four years later.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −93.7% | July 20, 1998 | March 9, 2009 | January 3, 2013 | −31.9% | dot-com bust |
| −63.6% | November 25, 2014 | February 11, 2016 | January 26, 2017 | −9.4% | 2015 China and oil sell-off |
| −63.3% | March 9, 2018 | March 18, 2020 | October 5, 2020 | −10.7% | late-2018 sell-off |
| −40.0% | November 8, 2021 | June 23, 2022 | January 24, 2023 | −18.5% | 2022 bear market |
| −37.0% | November 6, 2024 | April 8, 2025 | July 24, 2025 | −15.5% |  |

### How did URI do in stock market crashes?

This section measures how far URI, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000.

- URI fell further than the S&P 500 in nine of the ten crashes it has traded through. The clearest case was the 2008 financial crisis, when URI fell 91.2% and the S&P 500 fell 55.2%.
- Among its popular alternatives, GATX held up best, falling less than URI in all ten crashes they both traded through.

| Crash | Dates | URI fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | −77.3% | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | −91.2% | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | −3.6% | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | −50.5% | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | −45.7% | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | −6.7% | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | −43.3% | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | −55.3% | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −35.4% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −14.5% | −3.4% |

### How closely does URI move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell.

- Over the past 10 years, URI captured 177% of the S&P 500's gains in rising months and 165% of its losses in falling months, with a beta of 1.90. It amplified the market's moves in both directions.
- CAT took just 122% of the S&P 500's losses, against 165% for URI, while still keeping 148% of its gains.
- Five of the 13 popular alternatives had a higher capture ratio (upside capture divided by downside capture) than URI's 1.07, led by PWR, DE and MGRC.

Measured over the past 10 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| URI: United Rentals, Inc. (this page) | 177% | 165% | 1.90 |
| [PWR](https://betterthanspy.com/research/pwr): Quanta Services, Inc. | 141% | 61.0% | 1.22 |
| FTAI: FTAI Aviation Ltd. | 190% | 142% | 1.72 |
| [CAT](https://betterthanspy.com/research/cat): Caterpillar Inc. | 148% | 122% | 1.27 |
| R: Ryder System, Inc. | 120% | 129% | 1.47 |
| [DE](https://betterthanspy.com/research/de): Deere & Company | 110% | 66.0% | 0.98 |
| HRI: Herc Holdings Inc. | 196% | 272% | 2.46 |
| MGRC: McGrath RentCorp | 75.0% | 46.0% | 0.70 |
| GATX: GATX Corporation | 109% | 107% | 1.08 |
| OSK: Oshkosh Corp | 127% | 178% | 1.41 |
| TEX: Terex Corporation | 133% | 199% | 1.60 |
| TRN: Trinity Industries, Inc. | 110% | 165% | 1.38 |
| UHAL: U-Haul Holding Company | 85.0% | 124% | 0.99 |
| WSC: WillScot Holdings Corporation | 107% | 168% | 1.54 |

### What diversifies URI?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions).

- Moving a fifth of the money in URI into GLD would have cut the portfolio's volatility by 20% over the past 5 years and raised its annual return (+24.3% for URI alone, +24.9% for the mix).
- Among large ETFs, LVHI, DXJ and HDV have moved largely independently of URI over the past 5 years, with correlations of 0.44 or lower, and each still earned a positive 5-year return.
- Among large stocks, CAH, CLS and MCK have moved largely independently of URI over the past 5 years, with correlations of 0.39 or lower, and each still earned a positive 5-year return.

| Investment | Correlation with URI | 5Y return | Volatility | Sharpe | Rose in URI's 8 down years |
| --- | --- | --- | --- | --- | --- |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | 0.44 | +119% | 11.1% | 1.48 | 0 of 8 |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.41 | +225% | 19.1% | 1.34 | 1 of 8 |
| HDV: iShares Core High Dividend ETF | 0.44 | +86.8% | 13.0% | 1.03 | 0 of 8 |
| MLPX: Global X - MLP & Energy Infrastructure ETF | 0.47 | +138% | 19.7% | 0.98 | 0 of 8 |
| EWP: iShares MSCI Spain ETF | 0.46 | +141% | 20.3% | 0.97 | 2 of 8 |
| [XLE](https://betterthanspy.com/research/xle): State Street Energy Select Sector SPDR ETF | 0.24 | +178% | 25.5% | 0.94 | 4 of 8 |
| [GLD](https://betterthanspy.com/research/gld): SPDR Gold Shares | -0.02 | +120% | 19.0% | 0.93 | 2 of 8 |
| AMLP: Alerian MLP ETF | 0.41 | +114% | 18.9% | 0.90 | 0 of 8 |

## Common questions

### What was URI's worst drawdown?

URI's deepest decline since it began trading in 1997 was 93.7%, from July 1998 to March 2009. It took about four years from the low to climb back to its old high.

### What were URI's best and worst years?

Over 28 full calendar years, URI's best year was 2010, when it returned 132%. Its worst was 2002, with a return of -52.6%.

### Is there a better investment than URI?

Among URI's popular alternatives, CAT and R earned more than URI with less volatility over the past 5 years. CAT returned 30.7% a year at 32.0% volatility, against 25.7% a year at 39.1%. Looking beyond its popular alternatives, ESLT (aerospace & defense) and EME (engineering & construction) earned more than URI with less volatility over the past 5 years. ESLT returned 39.7% a year at 34.6% volatility, against 25.7% a year at 39.1%.

### Is URI more volatile than the S&P 500?

Yes. URI's volatility over the past 5 years was 39.1%, 2.3 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, URI's return lands within 39.1% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

### What is URI's Sharpe ratio?

URI's Sharpe ratio over the past 5 years was 0.78, against 0.78 for the S&P 500, so URI earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

### How correlated is URI with the S&P 500?

Over the past 5 years, URI's monthly returns had a correlation of 0.68 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against URI instead: the lower it is, the more that option would diversify a URI holding.

### What are the best alternatives to URI?

None of the 13 popular alternatives we compared outperformed URI in at least 3 of 5 short-term and 2 of 3 long-term timeframes, which says more about URI's strength than about its alternatives.

### Did URI outperform the S&P 500?

URI finished ahead of the S&P 500 (SPY) in 16 of 28 full calendar years. In 2025, it returned +15.9%, against +17.7% for the index.

### How did URI do in stock market crashes?

URI fell less than the S&P 500 (SPY) in none of the ten major crashes it has traded through, and further in nine. The clearest case was the 2008 financial crisis, when URI fell 91.2% and the S&P 500 fell 55.2%.

### What diversifies URI?

These had a low correlation with URI over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.44), DXJ (correlation 0.41) and HDV (correlation 0.44); among large stocks, CAH (correlation 0.20), CLS (correlation 0.39) and MCK (correlation 0.07). A correlation near zero means the two have moved largely independently.

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## Explore further

- Full page with charts: https://betterthanspy.com/research/uri
- All research pages: https://betterthanspy.com/llms.txt
- Compare the entire market against URI live: https://betterthanspy.com/?b=URI