Looking to balance out your exposure to NWG? The ETFs below have the lowest correlation with NWG — they tend to move on their own, which can help reduce risk when NWG drops. The stock ideas table highlights individual companies that behave independently from NWG.
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 -0.13, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.04 | -0.02 | 100 | Ultrashort Bond | NWG vs SGOV | |
| Schwab U.S. Dividend Equity ETF | 0.28 | 0.38 | 0.47 | 80 | Dividend | NWG vs SCHD | |
| Invesco QQQ ETF | 0.44 | 0.37 | 0.40 | 73 | Nasdaq-100 | NWG vs QQQ | |
| Vanguard FTSE Emerging Markets ETF | 0.51 | 0.50 | 0.51 | 56 | Emerging Markets Equities | NWG vs VWO | |
| Vanguard Mega Cap ETF | 0.52 | 0.44 | 0.46 | 69 | Large Cap Blend Equities | NWG vs MGC |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NWG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NWG and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.04, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.04 | 0.17 | 0.26 | 85 | Energy | |
| Walmart Inc. | 0.03 | 0.06 | 0.09 | 63 | Consumer Defensive | |
| AppLovin Corporation | 0.16 | 0.17 | 0.22 | 59 | Technology | |
| Anheuser-Busch InBev SA/NV | 0.17 | 0.27 | 0.37 | 54 | Consumer Defensive | |
| American Healthcare REIT, Inc. | 0.17 | 0.18 | 0.18 | 81 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NWG
Add NWG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NWG