Looking to balance out your exposure to NWG? The ETFs below have historically moved differently from NWG, 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 NWG
2 ETFs have low correlation with NWG (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.12, roughly unchanged from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.04 | -0.03 | 100 | Ultrashort Bond | NWG vs SGOV | |
| Schwab U.S. Dividend Equity ETF | 0.27 | 0.36 | 0.45 | 95 | Dividend | NWG vs SCHD | |
| iShares MSCI South Korea ETF | 0.33 | 0.35 | 0.41 | 88 | South Korea Equities, Asia Pacific Equities | NWG vs EWY | |
| ARK Genomic Revolution Multi-Sector ETF | 0.33 | 0.36 | 0.36 | 63 | Health & Biotech Equities, Actively Managed | NWG vs ARKG | |
| Invesco QQQ ETF | 0.42 | 0.37 | 0.40 | 58 | Nasdaq-100 | NWG vs QQQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NWG, 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 Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.11, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.11 | 0.12 | 0.23 | 89 | Energy | |
| LyondellBasell Industries N.V. | -0.08 | 0.16 | 0.31 | 60 | Basic Materials | |
| Walmart Inc. | -0.06 | 0.03 | 0.07 | 60 | Consumer Defensive | |
| Targa Resources Corp. | -0.05 | 0.13 | 0.26 | 93 | Energy | |
| W. R. Berkley Corporation | -0.02 | 0.09 | 0.22 | 53 | Financial Services |
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