Looking to balance out your exposure to GWW? The ETFs below have historically moved differently from GWW, 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 GWW
2 ETFs have low correlation with GWW (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of 0.23, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | 0.23 | 0.31 | 0.36 | 90 | Semiconductors, Technology Equities | GWW vs SOXX | |
| Invesco QQQ ETF | 0.24 | 0.37 | 0.41 | 58 | Nasdaq-100 | GWW vs QQQ | |
| Vanguard S&P 500 ETF | 0.34 | 0.48 | 0.53 | 78 | S&P 500 | GWW vs VOO | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.49 | 0.53 | 78 | S&P 500 | GWW vs SPY | |
| Vanguard Total Stock Market ETF | 0.37 | 0.50 | 0.54 | 78 | Large Cap Blend Equities | GWW vs VTI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GWW, 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 Canadian Utilities Limited (CDUAF) (Utilities) with a 1Y correlation of -0.06, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Utilities Limited | -0.06 | 0.03 | 0.13 | 98 | Utilities | |
| MongoDB, Inc. | -0.01 | 0.17 | 0.22 | 72 | Technology | |
| CrowdStrike Holdings, Inc. | -0.01 | 0.20 | 0.22 | 83 | Technology | |
| Exxon Mobil Corporation | 0.01 | 0.12 | 0.22 | 85 | Energy | |
| Chevron Corporation | 0.01 | 0.14 | 0.23 | 79 | Energy |
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