Looking to balance out your exposure to NEWT? The ETFs below have historically moved differently from NEWT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.37, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.37 | 0.47 | 0.48 | 94 | Dividend | NEWT vs SCHD | |
| Pacer US Cash Cows 100 ETF | 0.40 | 0.51 | 0.50 | 83 | Mid Cap Value Equities, Dividend | NEWT vs COWZ |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NEWT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Public Storage (PSA) (Real Estate) with a 1Y correlation of 0.39, up from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Public Storage | 0.39 | 0.34 | 0.29 | 68 | Real Estate | |
| Capital Southwest Corporation | 0.49 | 0.39 | 0.43 | 72 | Financial Services | |
| First BanCorp. | 0.50 | 0.53 | 0.48 | 88 | Financial Services |
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