Looking to balance out your exposure to NEWT? The ETFs below have the lowest correlation with NEWT — they tend to move on their own, which can help reduce risk when NEWT drops. The stock ideas table highlights individual companies that behave independently from NEWT.
Best Diversifiers for NEWT
0 ETFs have low correlation with NEWT (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.40, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.40 | 0.46 | 0.47 | 80 | Dividend | NEWT vs SCHD | |
| Pacer US Cash Cows 100 ETF | 0.47 | 0.50 | 0.49 | 65 | Mid Cap Value Equities, Dividend | NEWT vs COWZ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NEWT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NEWT and solid risk/return profiles. The least correlated is NiSource Inc. (NI) (Utilities) with a 1Y correlation of 0.13, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NiSource Inc. | 0.13 | 0.26 | 0.24 | 70 | Utilities | |
| Capital Southwest Corporation | 0.47 | 0.38 | 0.42 | 76 | Financial Services | |
| First BanCorp. | 0.50 | 0.52 | 0.47 | 66 | Financial Services |
Build a portfolio that complements NEWT
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