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
16 ETFs have low correlation with CHWY (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Energy ETF (VDE) (Energy Equities) with a 1Y correlation of -0.15, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy ETF | -0.15 | 0.04 | 0.08 | 60 | Energy Equities | CHWY vs VDE | |
| GraniteShares 2x Long AMD Daily ETF | 0.05 | — | — | 91 | Leveraged Equities | CHWY vs AMDL | |
| Schwab U.S. Dividend Equity ETF | 0.06 | 0.21 | 0.27 | 91 | Dividend | CHWY vs SCHD | |
| VanEck Semiconductor ETF | 0.07 | 0.25 | 0.36 | 90 | Semiconductors, Technology Equities | CHWY vs SMH | |
| Vanguard FTSE Developed Markets ETF | 0.13 | 0.29 | 0.34 | 59 | Foreign Large Cap Equities | CHWY vs VEA |
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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 CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of -0.15, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | -0.16 | 0.03 | 0.06 | 92 | Healthcare | |
| Halliburton Company | -0.14 | 0.03 | 0.08 | 88 | Energy | |
| Exxon Mobil Corporation | -0.14 | -0.03 | 0.04 | 78 | Energy | |
| Merck & Co., Inc. | -0.08 | -0.02 | 0.02 | 92 | Healthcare | |
| Caterpillar Inc. | -0.05 | 0.13 | 0.17 | 96 | Industrials |
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