Looking to balance out your exposure to MWA? The ETFs below have the lowest correlation with MWA — they tend to move on their own, which can help reduce risk when MWA drops. The stock ideas table highlights individual companies that behave independently from MWA.
Best Diversifiers for MWA
0 ETFs have low correlation with MWA (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.34 | — | — | 81 | Nasdaq-100, Dividend | MWA vs GPIQ | |
| ProShares UltraPro S&P 500 | 0.43 | 0.51 | 0.59 | 62 | Leveraged Equities, S&P 500 | MWA vs UPRO | |
| State Street SPDR S&P 500 ETF | 0.43 | 0.51 | 0.59 | 70 | S&P 500 | MWA vs SPY | |
| Vanguard S&P 500 ETF | 0.44 | 0.51 | 0.59 | 70 | S&P 500 | MWA vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MWA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MWA and solid risk/return profiles. The least correlated is Barrick Mining Corporation (B) (Basic Materials) with a 1Y correlation of 0.05, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Barrick Mining Corporation | 0.05 | 0.12 | 0.13 | 88 | Basic Materials | |
| Kinross Gold Corporation | 0.06 | 0.11 | 0.16 | 79 | Basic Materials | |
| Agnico Eagle Mines Limited | 0.07 | 0.12 | 0.12 | 66 | Basic Materials | |
| NVIDIA Corporation | 0.10 | 0.19 | 0.32 | 78 | Technology | |
| Eli Lilly and Company | 0.14 | 0.13 | 0.16 | 72 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MWA
Add MWA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MWA