Looking to balance out your exposure to CWT? The ETFs below have the lowest correlation with CWT — they tend to move on their own, which can help reduce risk when CWT drops. The stock ideas table highlights individual companies that behave independently from CWT.
Best Diversifiers for CWT
4 ETFs have low correlation with CWT (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.07, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.07 | 0.10 | 0.24 | 70 | S&P 500 | CWT vs VOO | |
| State Street SPDR S&P 500 ETF | -0.07 | 0.10 | 0.24 | 70 | S&P 500 | CWT vs SPY | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.05 | 0.05 | 0.01 | 100 | Government Bonds, Ultrashort Bond | CWT vs BIL | |
| Vanguard Short-Term Treasury ETF | 0.20 | 0.23 | 0.22 | 83 | Government Bonds, Short-Term Bond | CWT vs VGSH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CWT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CWT and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.17, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.17 | -0.13 | 0.03 | 84 | Technology | |
| Select Energy Services, Inc. | -0.05 | 0.07 | 0.07 | 93 | Energy | |
| Companhia de Saneamento Básico do Estado de São Pa... | -0.03 | 0.15 | 0.20 | 71 | Utilities | |
| Emerson Electric Co. | -0.02 | 0.11 | 0.19 | 57 | Industrials | |
| Parker-Hannifin Corporation | 0.05 | 0.12 | 0.19 | 72 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CWT
Add CWT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CWT