Looking to balance out your exposure to ARW? The ETFs below have historically moved differently from ARW, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ARW
0 ETFs have low correlation with ARW (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.51, roughly unchanged from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.51 | 0.52 | 0.61 | 71 | S&P 500 | ARW vs SPY | |
| Invesco QQQ ETF | 0.51 | 0.47 | 0.56 | 54 | Nasdaq-100 | ARW vs QQQ |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ARW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of -0.15, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | -0.15 | -0.06 | 0.07 | 65 | Healthcare | |
| The J. M. Smucker Company | -0.03 | 0.07 | 0.07 | 57 | Consumer Defensive | |
| The Travelers Companies, Inc. | 0.01 | 0.13 | 0.24 | 94 | Financial Services | |
| Berkshire Hathaway Inc. | 0.03 | 0.22 | 0.37 | 66 | Financial Services | |
| The TJX Companies, Inc. | 0.05 | 0.22 | 0.33 | 79 | Consumer Cyclical |
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