Nomura Transformational Technologies ETF (FRWD) Diversifiers

ETF · Currency in USD · Last updated Jun 25, 2026

The Nomura Transformational Technologies ETF is an actively managed equity ETF seeking capital growth by investing in a focused portfolio of global technology companies. The strategy combines secular trend analysis with bottom-up fundamental research to target companies positioned to benefit from transformational technologies such as semiconductors, artificial intelligence, cloud computing, and related infrastructure.

Looking to diversify beyond FRWD? The ETFs below have the lowest correlation with FRWD — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FRWD.

Best Diversifiers for FRWD

0 ETFs have low correlation with FRWD (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of 0.87, roughly unchanged from 0.87 over 5 years.

Symbol	Name	Correlation 1Y	Correlation 3Y	Correlation 5Y	Risk / Return Rank	Category	Compare
SOXX	iShares Semiconductor ETF	0.87	0.87	0.87	95	Semiconductors, Technology Equities	FRWD vs SOXX

Diversification Analysis

Build a portfolio that complements FRWD

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