Looking to balance out your exposure to NWL? The ETFs below have historically moved differently from NWL, 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 NWL
0 ETFs have low correlation with NWL (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.32, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.32 | 0.36 | 0.44 | 67 | S&P 500 | NWL vs SPY | |
| Vanguard High Dividend Yield ETF | 0.41 | 0.46 | 0.52 | 90 | Dividend | NWL vs VYM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NWL, 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 Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of -0.00, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | -0.00 | 0.10 | 0.24 | 72 | Energy | |
| Church & Dwight Co., Inc. | 0.22 | 0.16 | 0.19 | 53 | Consumer Defensive | |
| Global Industrial Company | 0.36 | 0.34 | 0.38 | 52 | Industrials |
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