Looking to balance out your exposure to CSWC? The ETFs below have the lowest correlation with CSWC — they tend to move on their own, which can help reduce risk when CSWC drops. The stock ideas table highlights individual companies that behave independently from CSWC.
Best Diversifiers for CSWC
18 ETFs have low correlation with CSWC (below 0.3), 1 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.09, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.04 | -0.05 | 100 | Government Bonds, Ultrashort Bond | CSWC vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | 0.01 | 0.04 | 0.04 | 100 | Ultrashort Bond | CSWC vs SGOV | |
| First Trust Global Tactical Commodity Strategy Fun... | 0.02 | 0.09 | 0.15 | 81 | Commodities | CSWC vs FTGC | |
| iShares Treasury Floating Rate Bond ETF | 0.04 | 0.03 | -0.00 | 100 | Government Bonds, Ultrashort Bond | CSWC vs TFLO | |
| BlackRock AAA CLO ETF | 0.06 | 0.07 | — | 99 | CLO | CSWC vs CLOA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CSWC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSWC and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.03 | 0.14 | 73 | Consumer Defensive | |
| The Coca-Cola Company | -0.04 | 0.08 | 0.18 | 62 | Consumer Defensive | |
| Lynas Rare Earths Ltd ADR | -0.04 | 0.06 | 0.17 | 84 | Basic Materials | |
| Hercules Capital, Inc. | -0.01 | 0.08 | 0.09 | 70 | ||
| Verizon Communications Inc. | -0.00 | 0.10 | 0.16 | 56 | Communication Services |
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Build a portfolio that complements CSWC
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