Looking to balance out your exposure to ETW? The ETFs below have the lowest correlation with ETW — they tend to move on their own, which can help reduce risk when ETW drops. The stock ideas table highlights individual companies that behave independently from ETW.
Best Diversifiers for ETW
0 ETFs have low correlation with ETW (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.32, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.32 | 0.44 | 0.53 | 80 | Dividend | ETW vs SCHD | |
| Global X S&P 500 Covered Call ETF | 0.63 | 0.66 | 0.64 | 82 | Derivative Income, S&P 500 | ETW vs XYLD | |
| Amplify CWP International Enhanced Dividend Income... | 0.64 | 0.62 | 0.61 | 67 | Derivative Income, Dividend, Foreign Large Cap Equities | ETW vs IDVO | |
| State Street SPDR S&P 500 ETF | 0.71 | 0.75 | 0.72 | 70 | S&P 500 | ETW vs SPY | |
| Vanguard Total Stock Market ETF | 0.71 | 0.75 | 0.72 | 68 | Large Cap Blend Equities | ETW vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ETW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ETW and solid risk/return profiles. The least correlated is BlackRock Science and Technology Trust (BST) (Financial Services) with a 1Y correlation of 0.60, roughly unchanged from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Trust | 0.60 | 0.64 | 0.64 | 88 | Financial Services | |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.71 | 0.73 | 0.72 | 79 | Financial Services |
Build a portfolio that complements ETW
Add ETW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ETW