Looking to balance out your exposure to POWI? The ETFs below have the lowest correlation with POWI — they tend to move on their own, which can help reduce risk when POWI drops. The stock ideas table highlights individual companies that behave independently from POWI.
Best Diversifiers for POWI
0 ETFs have low correlation with POWI (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.48, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.48 | 0.56 | 0.62 | 70 | S&P 500 | POWI vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from POWI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to POWI and solid risk/return profiles. The least correlated is Archer-Daniels-Midland Company (ADM) (Consumer Defensive) with a 1Y correlation of 0.10, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Archer-Daniels-Midland Company | 0.10 | 0.17 | 0.20 | 94 | Consumer Defensive | |
| Sumitomo Electric Industries Ltd ADR | 0.21 | 0.26 | 0.26 | 98 | Consumer Cyclical | |
| Rohm Co Ltd ADR | 0.21 | 0.29 | 0.30 | 96 | Technology | |
| Rigetti Computing Inc | 0.28 | 0.36 | 0.32 | 68 | Technology | |
| Mitsubishi Electric Corp ADR | 0.28 | 0.27 | 0.31 | 89 | Industrials |
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