Looking to balance out your exposure to SKWD? The ETFs below have the lowest correlation with SKWD — they tend to move on their own, which can help reduce risk when SKWD drops. The stock ideas table highlights individual companies that behave independently from SKWD.
Best Diversifiers for SKWD
11 ETFs have low correlation with SKWD (below 0.3), 3 of which are negatively correlated. The least correlated is iShares MSCI South Korea ETF (EWY) (Asia Pacific Equities) with a 1Y correlation of -0.08, down from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI South Korea ETF | -0.08 | 0.03 | — | 96 | Asia Pacific Equities | SKWD vs EWY | |
| iShares Silver Trust | -0.04 | 0.03 | — | 51 | Silver, Precious Metals | SKWD vs SLV | |
| Vanguard Energy ETF | -0.01 | 0.11 | — | 71 | Energy Equities | SKWD vs VDE | |
| ProShares Ultra Technology | 0.04 | 0.11 | — | 82 | Leveraged Equities | SKWD vs ROM | |
| ProShares Ultra Nasdaq Biotechnology | 0.06 | 0.11 | — | 70 | Leveraged Equities | SKWD vs BIB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SKWD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SKWD and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.06, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.06 | 0.04 | — | 75 | Healthcare | |
| NVIDIA Corporation | -0.03 | 0.04 | — | 80 | Technology | |
| Coterra Energy Inc. | -0.02 | 0.09 | — | 80 | Energy | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.01 | 0.01 | — | 95 | Technology | |
| Kinross Gold Corporation | 0.02 | 0.07 | — | 81 | Basic Materials |
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Build a portfolio that complements SKWD
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