Looking to balance out your exposure to GWW? The ETFs below have the lowest correlation with GWW — they tend to move on their own, which can help reduce risk when GWW drops. The stock ideas table highlights individual companies that behave independently from GWW.
Best Diversifiers for GWW
1 ETFs have low correlation with GWW (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.23, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.23 | 0.37 | 0.42 | 59 | Nasdaq-100 | GWW vs QQQ | |
| Vanguard S&P 500 ETF | 0.33 | 0.48 | 0.53 | 59 | S&P 500 | GWW vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.49 | 0.54 | 59 | S&P 500 | GWW vs SPY | |
| Vanguard Total Stock Market ETF | 0.37 | 0.50 | 0.54 | 59 | Large Cap Blend Equities | GWW vs VTI | |
| Schwab U.S. Dividend Equity ETF | 0.46 | 0.52 | 0.58 | 77 | Dividend | GWW vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GWW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GWW and solid risk/return profiles. The least correlated is Canadian Utilities Limited (CDUAF) (Utilities) with a 1Y correlation of -0.05, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Utilities Limited | -0.05 | 0.03 | 0.14 | 94 | Utilities | |
| CrowdStrike Holdings, Inc. | -0.02 | 0.21 | 0.23 | 65 | Technology | |
| AppLovin Corporation | -0.01 | 0.15 | 0.21 | 60 | Communication Services | |
| Altria Group, Inc. | -0.01 | 0.11 | 0.21 | 72 | Consumer Defensive | |
| Broadcom Inc. | 0.01 | 0.22 | 0.29 | 72 | Technology |
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