Looking to balance out your exposure to SHW? The ETFs below have the lowest correlation with SHW — they tend to move on their own, which can help reduce risk when SHW drops. The stock ideas table highlights individual companies that behave independently from SHW.
Best Diversifiers for SHW
5 ETFs have low correlation with SHW (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.02, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.02 | 0.01 | 0.01 | 100 | Ultrashort Bond | SHW vs SGOV | |
| iShares S&P 500 Growth ETF | 0.24 | 0.38 | 0.48 | 57 | Large Cap Growth Equities, S&P 500 | SHW vs IVW | |
| Invesco QQQ ETF | 0.25 | 0.38 | 0.46 | 73 | Nasdaq-100 | SHW vs QQQ | |
| Vanguard S&P 500 Growth ETF | 0.25 | 0.39 | 0.48 | 58 | S&P 500, Large Cap Growth Equities | SHW vs VOOG | |
| iShares S&P 100 ETF | 0.29 | 0.43 | 0.51 | 64 | Large Cap Growth Equities | SHW vs OEF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SHW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SHW and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.17, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.17 | 0.03 | 0.06 | 60 | Basic Materials | |
| Apache Corporation | -0.15 | 0.02 | 0.09 | 90 | Energy | |
| ConocoPhillips Company | -0.13 | 0.02 | 0.05 | 76 | Energy | |
| Chevron Corporation | -0.11 | 0.05 | 0.08 | 83 | Energy | |
| Exxon Mobil Corporation | -0.09 | 0.04 | 0.07 | 85 | Energy |
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Build a portfolio that complements SHW
Add SHW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SHW