Looking to balance out your exposure to GWRE? The ETFs below have historically moved differently from GWRE, 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 GWRE
2 ETFs have low correlation with GWRE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.16, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.16 | 0.39 | 0.52 | 68 | S&P 500 | GWRE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.19 | 0.40 | 0.52 | 67 | S&P 500 | GWRE vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GWRE, 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 GE Vernova Inc. (GEV) (Industrials) with a 1Y correlation of -0.18, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| GE Vernova Inc. | -0.18 | 0.13 | 0.13 | 76 | Industrials | |
| Comfort Systems USA, Inc. | -0.18 | 0.20 | 0.27 | 95 | Industrials | |
| EMCOR Group, Inc. | -0.16 | 0.19 | 0.26 | 65 | Industrials | |
| MKS Instruments, Inc. | -0.15 | 0.17 | 0.34 | 96 | Technology | |
| Howmet Aerospace Inc. | -0.14 | 0.21 | 0.27 | 90 | Industrials |
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