Looking to balance out your exposure to FWONA? The ETFs below have the lowest correlation with FWONA — they tend to move on their own, which can help reduce risk when FWONA drops. The stock ideas table highlights individual companies that behave independently from FWONA.
Best Diversifiers for FWONA
3 ETFs have low correlation with FWONA (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of 0.13, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.13 | 0.27 | 0.38 | 59 | Technology Equities | FWONA vs IYW | |
| State Street SPDR S&P 500 ETF | 0.25 | 0.36 | 0.45 | 60 | S&P 500 | FWONA vs SPY | |
| Vanguard S&P 500 ETF | 0.26 | 0.36 | 0.45 | 60 | S&P 500 | FWONA vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FWONA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FWONA and solid risk/return profiles. The least correlated is ONEOK, Inc. (OKE) (Energy) with a 1Y correlation of -0.09, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ONEOK, Inc. | -0.09 | 0.07 | 0.22 | 57 | Energy | |
| Chevron Corporation | -0.08 | 0.01 | 0.12 | 70 | Energy | |
| The Williams Companies, Inc. | -0.02 | 0.13 | 0.20 | 75 | Energy | |
| Applied Optoelectronics, Inc. | 0.01 | 0.14 | 0.18 | 96 | Technology | |
| AppLovin Corporation | 0.02 | 0.19 | 0.28 | 58 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FWONA
Add FWONA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FWONA