Looking to balance out your exposure to NWN? The ETFs below have historically moved differently from NWN, 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 NWN
3 ETFs have low correlation with NWN (below 0.3), 3 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 -0.13, down from 0.21 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 | -0.13 | 0.12 | 0.21 | 78 | S&P 500 | NWN vs SPY | |
| Vanguard S&P 500 ETF | -0.11 | 0.12 | 0.22 | 78 | S&P 500 | NWN vs VOO | |
| Vanguard Total Stock Market ETF | -0.10 | 0.15 | 0.23 | 78 | Large Cap Blend Equities | NWN vs VTI | |
| Schwab U.S. Dividend Equity ETF | 0.33 | 0.45 | 0.45 | 95 | Dividend | NWN vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NWN, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.26, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.26 | -0.10 | 0.02 | 68 | Technology | |
| NVIDIA Corporation | -0.26 | -0.16 | -0.05 | 61 | Technology | |
| GE Vernova Inc. | -0.21 | -0.05 | -0.05 | 77 | Industrials | |
| Snowflake Inc. | -0.11 | 0.05 | 0.03 | 69 | Technology | |
| Morgan Stanley | -0.10 | 0.16 | 0.18 | 89 | Financial Services |
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