Looking to balance out your exposure to NWS? The ETFs below have historically moved differently from NWS, 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 NWS
3 ETFs have low correlation with NWS (below 0.3), 1 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.07, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.07 | 0.21 | 0.39 | 88 | Semiconductors, Technology Equities | NWS vs SMH | |
| Vanguard S&P 500 ETF | 0.19 | 0.42 | 0.54 | 78 | S&P 500 | NWS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.19 | 0.42 | 0.54 | 78 | S&P 500 | NWS vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NWS, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.08, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.08 | 0.09 | 0.16 | 66 | Communication Services | |
| Imax Corp | 0.09 | 0.21 | 0.34 | 94 | Communication Services | |
| Cinemark Holdings, Inc. | 0.12 | 0.17 | 0.32 | 76 | Communication Services | |
| Electronic Arts Inc. | 0.14 | 0.26 | 0.32 | 95 | Communication Services | |
| Warner Bros. Discovery, Inc. | 0.18 | 0.34 | 0.45 | 96 | Communication Services |
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