Looking to balance out your exposure to CDW? The ETFs below have historically moved differently from CDW, 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 CDW
7 ETFs have low correlation with CDW (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of 0.05, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.05 | 0.30 | 0.45 | 57 | Leveraged Equities, Semiconductors | CDW vs USD | |
| VanEck Semiconductor ETF | 0.11 | 0.37 | 0.50 | 87 | Semiconductors, Technology Equities | CDW vs SMH | |
| ProShares Ultra Technology | 0.19 | 0.42 | 0.54 | 55 | Leveraged Equities | CDW vs ROM | |
| Vanguard Information Technology ETF | 0.21 | 0.42 | 0.55 | 57 | Technology Equities | CDW vs VGT | |
| iShares Expanded Tech Sector ETF | 0.23 | 0.43 | 0.54 | 58 | Technology Equities | CDW vs IGM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CDW, 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 Dominion Energy, Inc. (D) (Utilities) with a 1Y correlation of -0.04, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dominion Energy, Inc. | -0.04 | 0.05 | 0.13 | 70 | Utilities | |
| RenaissanceRe Holdings Ltd. | -0.03 | 0.09 | 0.16 | 83 | Financial Services | |
| Johnson & Johnson | -0.02 | 0.07 | 0.15 | 96 | Healthcare | |
| Coca-Cola European Partners plc | -0.00 | 0.11 | 0.25 | 59 | Consumer Defensive | |
| Micron Technology, Inc. | -0.00 | 0.24 | 0.34 | 99 | Technology |
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