Looking to balance out your exposure to CWD? The ETFs below have the lowest correlation with CWD — they tend to move on their own, which can help reduce risk when CWD drops. The stock ideas table highlights individual companies that behave independently from CWD.
Best Diversifiers for CWD
1 ETFs have low correlation with CWD (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.29, up from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.29 | 0.17 | — | 62 | Nasdaq-100 | CWD vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.16 | — | 66 | S&P 500 | CWD vs SPY |
Diversification Analysis
Build a portfolio that complements CWD
Add CWD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CWD