Looking to balance out your exposure to SHW? The ETFs below have historically moved differently from SHW, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SHW
9 ETFs have low correlation with SHW (below 0.3), 1 of which are negatively correlated. The least correlated is abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) (Commodities) with a 1Y correlation of -0.25, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Bloomberg All Commodity Longer Dated Strateg... | -0.25 | -0.13 | -0.04 | 72 | Commodities | SHW vs BCD | |
| iShares 0-3 Month Treasury Bond ETF | 0.01 | 0.02 | 0.01 | 100 | Ultrashort Bond | SHW vs SGOV | |
| iShares S&P 500 Growth ETF | 0.15 | 0.30 | 0.42 | 52 | Large Cap Growth Equities, S&P 500 | SHW vs IVW | |
| Vanguard S&P 500 Growth ETF | 0.17 | 0.34 | 0.46 | 53 | S&P 500, Large Cap Growth Equities | SHW vs VOOG | |
| Invesco QQQ ETF | 0.18 | 0.35 | 0.45 | 58 | Nasdaq-100 | SHW vs QQQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SHW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Apache Corporation (APA) (Energy) with a 1Y correlation of -0.27, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apache Corporation | -0.27 | -0.04 | 0.06 | 91 | Energy | |
| ConocoPhillips Company | -0.22 | -0.04 | 0.02 | 73 | Energy | |
| Chevron Corporation | -0.21 | -0.01 | 0.05 | 79 | Energy | |
| CF Industries Holdings, Inc. | -0.19 | 0.01 | 0.04 | 68 | Basic Materials | |
| Cheniere Energy, Inc. | -0.18 | 0.00 | 0.05 | 53 | Energy |
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