Looking to balance out your exposure to SCWO? The ETFs below have the lowest correlation with SCWO — they tend to move on their own, which can help reduce risk when SCWO drops. The stock ideas table highlights individual companies that behave independently from SCWO.
Best Diversifiers for SCWO
1 ETFs have low correlation with SCWO (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) (Government Bonds) with a 1Y correlation of 0.01, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Access Treasury 0-1 Year ETF | 0.01 | 0.01 | -0.02 | 100 | Government Bonds, Ultrashort Bond | SCWO vs GBIL |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCWO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCWO and solid risk/return profiles. The least correlated is Amylyx Pharmaceuticals, Inc. (AMLX) (Healthcare) with a 1Y correlation of 0.05, roughly unchanged from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amylyx Pharmaceuticals, Inc. | 0.05 | 0.13 | — | 92 | Healthcare | |
| Celldex Therapeutics, Inc. | 0.11 | 0.13 | 0.11 | 75 | Healthcare | |
| Ituran Location and Control Ltd. | 0.21 | 0.19 | 0.17 | 90 | Technology | |
| Tesla, Inc. | 0.22 | 0.21 | 0.15 | 50 | Consumer Cyclical | |
| Applied Digital Corporation | 0.31 | 0.20 | 0.13 | 93 | Technology |
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