Looking to balance out your exposure to AROW? The ETFs below have the lowest correlation with AROW — they tend to move on their own, which can help reduce risk when AROW drops. The stock ideas table highlights individual companies that behave independently from AROW.
Best Diversifiers for AROW
1 ETFs have low correlation with AROW (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.12, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.12 | 0.15 | 0.22 | 94 | Semiconductors, Technology Equities | AROW vs SMH | |
| Vanguard S&P 500 ETF | 0.31 | 0.32 | 0.37 | 66 | S&P 500 | AROW vs VOO | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.32 | 0.37 | 66 | S&P 500 | AROW vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AROW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AROW and solid risk/return profiles. The least correlated is MSCI Inc. (MSCI) (Financial Services) with a 1Y correlation of 0.25, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MSCI Inc. | 0.25 | 0.25 | 0.27 | 53 | Financial Services |
Build a portfolio that complements AROW
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