Looking to diversify beyond SCOW? The ETFs below have the lowest correlation with SCOW — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SCOW.
Best Diversifiers for SCOW
0 ETFs have low correlation with SCOW (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Micro-Cap ETF (IWC) (Small Cap Blend Equities) with a 1Y correlation of 0.63, roughly unchanged from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Micro-Cap ETF | 0.63 | 0.63 | 0.63 | 77 | Small Cap Blend Equities | SCOW vs IWC | |
| Opus Small Cap Value Plus ETF | 0.67 | 0.67 | 0.67 | 56 | Small Cap Blend Equities | SCOW vs OSCV | |
| Hartford Multifactor Small Cap ETF | 0.81 | 0.81 | 0.81 | 90 | Small Cap Blend Equities | SCOW vs ROSC |
Diversification Analysis
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