Looking to balance out your exposure to EWTX? The ETFs below have the lowest correlation with EWTX — they tend to move on their own, which can help reduce risk when EWTX drops. The stock ideas table highlights individual companies that behave independently from EWTX.
Best Diversifiers for EWTX
1 ETFs have low correlation with EWTX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.28, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.28 | 0.29 | 0.29 | 66 | S&P 500 | EWTX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWTX and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kodiak Gas Services Inc. | 0.18 | — | — | 91 | Energy |
Build a portfolio that complements EWTX
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