Looking to balance out your exposure to AWK? The ETFs below have the lowest correlation with AWK — they tend to move on their own, which can help reduce risk when AWK drops. The stock ideas table highlights individual companies that behave independently from AWK.
Best Diversifiers for AWK
11 ETFs have low correlation with AWK (below 0.3), 9 of which are negatively correlated. The least correlated is iShares Expanded Tech Sector ETF (IGM) (Technology Equities) with a 1Y correlation of -0.36, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Expanded Tech Sector ETF | -0.36 | -0.16 | 0.08 | 79 | Technology Equities | AWK vs IGM | |
| Fidelity MSCI Information Technology Index ETF | -0.35 | -0.15 | 0.09 | 77 | Technology Equities | AWK vs FTEC | |
| State Street Technology Select Sector SPDR ETF | -0.35 | -0.15 | 0.09 | 83 | Technology Equities | AWK vs XLK | |
| Vanguard Information Technology ETF | -0.33 | -0.14 | 0.09 | 76 | Technology Equities | AWK vs VGT | |
| VanEck Semiconductor ETF | -0.32 | -0.16 | 0.02 | 96 | Semiconductors, Technology Equities | AWK vs SMH |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AWK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AWK and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.37, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.37 | -0.22 | -0.00 | 84 | Technology | |
| NVIDIA Corporation | -0.36 | -0.23 | -0.02 | 78 | Technology | |
| Teradyne, Inc. | -0.27 | -0.09 | 0.05 | 98 | Technology | |
| Amazon.com, Inc | -0.23 | -0.09 | 0.09 | 60 | Consumer Cyclical | |
| Lam Research Corporation | -0.23 | -0.14 | 0.02 | 98 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AWK
Add AWK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AWK