Looking to balance out your exposure to CSW? The ETFs below have the lowest correlation with CSW — they tend to move on their own, which can help reduce risk when CSW drops. The stock ideas table highlights individual companies that behave independently from CSW.
Best Diversifiers for CSW
0 ETFs have low correlation with CSW (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.42, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.42 | 0.42 | 0.42 | 74 | S&P 500 | CSW vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CSW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSW and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.01, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.01 | -0.01 | -0.01 | 66 | Consumer Defensive | |
| The Coca-Cola Company | 0.02 | 0.02 | 0.02 | 62 | Consumer Defensive | |
| AbbVie Inc. | 0.02 | 0.02 | 0.02 | 68 | Healthcare | |
| International Seaways, Inc. | 0.03 | 0.03 | 0.03 | 95 | Energy | |
| Chubb Limited | 0.04 | 0.04 | 0.04 | 57 | Financial Services |
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