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
44 ETFs have low correlation with INSW (below 0.3), 1 of which are negatively correlated. The least correlated is Breakwave Dry Bulk Shipping ETF (BDRY) (Commodities) with a 1Y correlation of -0.00, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Dry Bulk Shipping ETF | -0.00 | 0.06 | 0.04 | 68 | Commodities | INSW vs BDRY | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | 0.04 | 0.22 | 0.26 | 52 | Commodities | INSW vs COMT | |
| iShares MSCI Austria ETF | 0.04 | 0.11 | 0.17 | 83 | Europe Equities | INSW vs EWO | |
| VanEck Commodity Strategy ETF | 0.06 | 0.21 | — | 77 | Commodities | INSW vs PIT | |
| Invesco Optimum Yield Diversified Commodity Strate... | 0.06 | 0.23 | 0.27 | 57 | Commodities | INSW vs PDBC |
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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 Saipem SpA ADR (SAPMY) (Energy) with a 1Y correlation of -0.07, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Saipem SpA ADR | -0.07 | 0.01 | 0.01 | 84 | Energy | |
| Duke Energy Corporation | -0.07 | -0.04 | -0.00 | 64 | Utilities | |
| Ackermans & Van Haaren NV ADR | -0.06 | -0.07 | -0.07 | 95 | Industrials | |
| Elevance Health, Inc. | -0.06 | -0.02 | 0.05 | 53 | Healthcare | |
| Eli Lilly and Company | -0.06 | 0.05 | 0.03 | 79 | Healthcare |
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