Looking to balance out your exposure to NWL? The ETFs below have the lowest correlation with NWL — they tend to move on their own, which can help reduce risk when NWL drops. The stock ideas table highlights individual companies that behave independently from NWL.
Best Diversifiers for NWL
1 ETFs have low correlation with NWL (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 Growth ETF (VOOG) (S&P 500) with a 1Y correlation of 0.28, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Growth ETF | 0.28 | 0.26 | 0.35 | 60 | S&P 500, Large Cap Growth Equities | NWL vs VOOG | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.36 | 0.45 | 74 | S&P 500 | NWL vs SPY | |
| Vanguard High Dividend Yield ETF | 0.45 | 0.48 | 0.53 | 80 | Dividend | NWL vs VYM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NWL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NWL and solid risk/return profiles. The least correlated is Kinder Morgan, Inc. (KMI) (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 |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | -0.04 | 0.13 | 0.26 | 66 | Energy | |
| Global Industrial Company | 0.37 | 0.33 | 0.38 | 56 | Industrials |
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