Looking to balance out your exposure to CWAN? The ETFs below have the lowest correlation with CWAN — they tend to move on their own, which can help reduce risk when CWAN drops. The stock ideas table highlights individual companies that behave independently from CWAN.
Best Diversifiers for CWAN
1 ETFs have low correlation with CWAN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.26 | 0.29 | — | 83 | Technology Equities | CWAN vs XLK | |
| Vanguard S&P 500 ETF | 0.31 | 0.36 | — | 70 | S&P 500 | CWAN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.36 | — | 70 | S&P 500 | CWAN vs SPY |
Diversification Analysis
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