Looking to balance out your exposure to ARW? The ETFs below have the lowest correlation with ARW — they tend to move on their own, which can help reduce risk when ARW drops. The stock ideas table highlights individual companies that behave independently from ARW.
Best Diversifiers for ARW
0 ETFs have low correlation with ARW (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.43, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.43 | 0.44 | 0.54 | 74 | Nasdaq-100 | ARW vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.47 | 0.51 | 0.61 | 74 | S&P 500 | ARW vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ARW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ARW and solid risk/return profiles. The least correlated is Twilio Inc. (TWLO) (Communication Services) with a 1Y correlation of 0.10, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Twilio Inc. | 0.10 | 0.24 | 0.30 | 83 | Communication Services | |
| Fortinet, Inc. | 0.10 | 0.19 | 0.33 | 69 | Technology | |
| The Travelers Companies, Inc. | 0.11 | 0.18 | 0.28 | 58 | Financial Services | |
| Jazz Pharmaceuticals plc | 0.16 | 0.22 | 0.28 | 97 | Healthcare | |
| The TJX Companies, Inc. | 0.17 | 0.27 | 0.37 | 79 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ARW
Add ARW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ARW