Looking to balance out your exposure to CWH? The ETFs below have the lowest correlation with CWH — they tend to move on their own, which can help reduce risk when CWH drops. The stock ideas table highlights individual companies that behave independently from CWH.
Best Diversifiers for CWH
0 ETFs have low correlation with CWH (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.33, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.33 | 0.36 | 0.40 | 73 | Nasdaq-100 | CWH vs QQQ | |
| Vanguard S&P 500 ETF | 0.41 | 0.44 | 0.47 | 70 | S&P 500 | CWH vs VOO | |
| State Street SPDR S&P 500 ETF | 0.41 | 0.44 | 0.47 | 70 | S&P 500 | CWH vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CWH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CWH and solid risk/return profiles. The least correlated is Innovative Industrial Properties, Inc. (IIPR) (Real Estate) with a 1Y correlation of 0.41, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innovative Industrial Properties, Inc. | 0.41 | 0.42 | 0.42 | 56 | Real Estate |
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