Looking to balance out your exposure to RDWR? The ETFs below have the lowest correlation with RDWR — they tend to move on their own, which can help reduce risk when RDWR drops. The stock ideas table highlights individual companies that behave independently from RDWR.
Best Diversifiers for RDWR
0 ETFs have low correlation with RDWR (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 0.34, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.34 | 0.38 | 0.44 | 74 | S&P 500 | RDWR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RDWR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RDWR and solid risk/return profiles. The least correlated is ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of 0.08, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | 0.08 | 0.27 | 0.36 | 94 | Technology | |
| LiveRamp Holdings, Inc. | 0.40 | 0.34 | 0.38 | 51 | Technology |
Build a portfolio that complements RDWR
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