Looking to balance out your exposure to ETW? The ETFs below have historically moved differently from ETW, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ETW
1 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 0.22, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.22 | 0.41 | 0.51 | 95 | Dividend | ETW vs SCHD | |
| Amplify CWP International Enhanced Dividend Income... | 0.67 | 0.62 | — | 80 | Derivative Income, Dividend, Foreign Large Cap Equities | ETW vs IDVO | |
| Global X S&P 500 Covered Call ETF | 0.69 | 0.67 | 0.65 | 92 | Derivative Income, S&P 500 | ETW vs XYLD | |
| State Street SPDR S&P 500 ETF | 0.74 | 0.76 | 0.73 | 72 | S&P 500 | ETW vs SPY | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.74 | — | — | 79 | Derivative Income, S&P 500 | ETW vs GPIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ETW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Visa Inc. (V) (Financial Services) with a 1Y correlation of 0.12, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | 0.12 | 0.30 | 0.40 | 54 | Financial Services | |
| BlackRock Science and Technology Trust | 0.68 | 0.66 | 0.66 | 84 | Financial Services | |
| abrdn Total Dynamic Dividend Fund | 0.71 | 0.72 | 0.72 | 89 | Financial Services | |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.73 | 0.74 | 0.72 | 80 | Financial Services |
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