Looking to balance out your exposure to CHWY? The ETFs below have the lowest correlation with CHWY — they tend to move on their own, which can help reduce risk when CHWY drops. The stock ideas table highlights individual companies that behave independently from CHWY.
Best Diversifiers for CHWY
12 ETFs have low correlation with CHWY (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | 0.05 | — | — | 94 | Leveraged Equities | CHWY vs AMDL | |
| VanEck Semiconductor ETF | 0.08 | 0.25 | 0.36 | 94 | Semiconductors, Technology Equities | CHWY vs SMH | |
| Vanguard FTSE Developed Markets ETF | 0.12 | 0.29 | 0.34 | 57 | Foreign Large Cap Equities | CHWY vs VEA | |
| Vanguard FTSE All-World ex-US ETF | 0.14 | 0.29 | 0.34 | 56 | Foreign Large Cap Equities | CHWY vs VEU | |
| Vanguard Total International Stock ETF | 0.14 | 0.29 | 0.34 | 55 | Global Equities | CHWY vs VXUS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHWY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHWY and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.12, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.12 | -0.02 | 0.04 | 74 | Energy | |
| Halliburton Company | -0.11 | 0.05 | 0.09 | 86 | Energy | |
| Merck & Co., Inc. | -0.09 | -0.01 | 0.02 | 90 | Healthcare | |
| Caterpillar Inc. | -0.05 | 0.14 | 0.18 | 98 | Industrials | |
| Duke Energy Corporation | -0.03 | -0.02 | -0.01 | 64 | Utilities |
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