Looking to balance out your exposure to CWST? The ETFs below have the lowest correlation with CWST — they tend to move on their own, which can help reduce risk when CWST drops. The stock ideas table highlights individual companies that behave independently from CWST.
Best Diversifiers for CWST
12 ETFs have low correlation with CWST (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.18, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.18 | -0.13 | -0.07 | 61 | Leveraged Currency | CWST vs YCS | |
| Vanguard Information Technology ETF | 0.02 | 0.17 | 0.27 | 76 | Technology Equities | CWST vs VGT | |
| VanEck Semiconductor ETF | 0.02 | 0.13 | 0.21 | 96 | Semiconductors, Technology Equities | CWST vs SMH | |
| WisdomTree Floating Rate Treasury Fund | 0.04 | 0.03 | 0.01 | 100 | Government Bonds, Ultrashort Bond | CWST vs USFR | |
| WisdomTree Japan Hedged SmallCap Equity Fund | 0.08 | 0.15 | 0.21 | 91 | Japan Equities | CWST vs DXJS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CWST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CWST and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.07, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.07 | 0.06 | 0.15 | 78 | Technology | |
| United States Antimony Corporation | -0.04 | 0.05 | 0.04 | 82 | Basic Materials | |
| Uranium Energy Corp. | -0.04 | 0.09 | 0.16 | 79 | Energy | |
| Advanced Micro Devices, Inc. | -0.03 | 0.12 | 0.17 | 98 | Technology | |
| Centrus Energy Corp. | -0.03 | 0.11 | 0.14 | 55 | Energy |
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Build a portfolio that complements CWST
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