Looking to balance out your exposure to INSW? The ETFs below have the lowest correlation with INSW — they tend to move on their own, which can help reduce risk when INSW drops. The stock ideas table highlights individual companies that behave independently from INSW.
Best Diversifiers for INSW
34 ETFs have low correlation with INSW (below 0.3), 1 of which are negatively correlated. The least correlated is iShares MSCI Austria ETF (EWO) (Europe Equities) with a 1Y correlation of -0.01, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Austria ETF | -0.01 | 0.11 | 0.17 | 81 | Europe Equities | INSW vs EWO | |
| Breakwave Dry Bulk Shipping ETF | 0.02 | 0.06 | 0.04 | 79 | Commodities | INSW vs BDRY | |
| PIMCO Multisector Bond Active Exchange-Traded Fund | 0.06 | 0.02 | — | 69 | Multisector Bonds | INSW vs PYLD | |
| iShares MSCI Japan Value ETF | 0.06 | 0.13 | 0.17 | 58 | Japan Equities, Large Cap Value Equities | INSW vs EWJV | |
| WisdomTree Japan Hedged Equity Fund | 0.07 | 0.16 | 0.20 | 92 | Japan Equities | INSW vs DXJ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INSW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INSW and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.07, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.07 | -0.05 | -0.02 | 64 | Utilities | |
| Eagle Point Credit Company Inc. | -0.05 | 0.00 | -0.00 | 82 | Financial Services | |
| Amazon.com, Inc | -0.03 | 0.06 | 0.06 | 52 | Consumer Cyclical | |
| PG&E Corporation | -0.03 | 0.04 | 0.13 | 66 | Utilities | |
| American Electric Power Company, Inc. | -0.03 | -0.03 | -0.01 | 87 | Utilities |
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