Looking to balance out your exposure to NWS? The ETFs below have the lowest correlation with NWS — they tend to move on their own, which can help reduce risk when NWS drops. The stock ideas table highlights individual companies that behave independently from NWS.
Best Diversifiers for NWS
1 ETFs have low correlation with NWS (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.16, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.16 | 0.30 | 0.44 | 96 | Semiconductors, Technology Equities | NWS vs SMH | |
| Vanguard S&P 500 ETF | 0.37 | 0.47 | 0.58 | 70 | S&P 500 | NWS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.47 | 0.58 | 70 | S&P 500 | NWS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NWS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NWS and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.05, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.05 | 0.07 | 0.15 | 59 | Communication Services | |
| Imax Corp | 0.05 | 0.21 | 0.36 | 71 | Communication Services | |
| Alphabet Inc. Class A | 0.19 | 0.26 | 0.37 | 96 | Communication Services | |
| TKO Group Holdings Inc. | 0.22 | — | — | 62 | Communication Services | |
| Live Nation Entertainment, Inc. | 0.24 | 0.35 | 0.44 | 57 | Communication Services |
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