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
3 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 0.08, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.08 | 0.15 | 0.21 | 94 | Semiconductors, Technology Equities | AROW vs SMH | |
| Vanguard S&P 500 ETF | 0.25 | 0.31 | 0.36 | 55 | S&P 500 | AROW vs VOO | |
| State Street SPDR S&P 500 ETF | 0.25 | 0.31 | 0.36 | 55 | S&P 500 | AROW vs SPY |
Diversification Analysis
Build a portfolio that complements AROW
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