Looking to balance out your exposure to AWR? The ETFs below have the lowest correlation with AWR — they tend to move on their own, which can help reduce risk when AWR drops. The stock ideas table highlights individual companies that behave independently from AWR.
Best Diversifiers for AWR
4 ETFs have low correlation with AWR (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.12, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.12 | -0.03 | 0.13 | 74 | Nasdaq-100 | AWR vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.02 | 0.12 | 0.24 | 74 | S&P 500 | AWR vs SPY | |
| Vanguard S&P 500 ETF | -0.02 | 0.12 | 0.24 | 74 | S&P 500 | AWR vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.17 | 0.39 | 0.41 | 85 | Dividend | AWR vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AWR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AWR and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.20, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.20 | -0.13 | 0.02 | 76 | Technology | |
| Exxon Mobil Corporation | -0.10 | 0.09 | 0.05 | 86 | Energy | |
| Chevron Corporation | -0.10 | 0.08 | 0.06 | 84 | Energy | |
| QUALCOMM Incorporated | -0.07 | 0.01 | 0.09 | 78 | Technology | |
| Select Energy Services, Inc. | -0.05 | 0.07 | 0.05 | 93 | Energy |
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