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
9 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) (South Korea Equities) with a 1Y correlation of -0.18, down from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI South Korea ETF | -0.18 | -0.01 | — | 87 | South Korea Equities, Asia Pacific Equities | SKWD vs EWY | |
| Invesco QQQ ETF | -0.03 | 0.10 | — | 53 | Nasdaq-100 | SKWD vs QQQ | |
| Vanguard Energy ETF | -0.00 | 0.10 | — | 60 | Energy Equities | SKWD vs VDE | |
| State Street SPDR S&P 500 ETF | 0.07 | 0.17 | — | 65 | S&P 500 | SKWD vs SPY | |
| iShares 1-5 Year Investment Grade Corporate Bond E... | 0.07 | 0.06 | — | 80 | Corporate Bonds | SKWD vs IGSB |
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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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.10, down from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.10 | 0.03 | — | 67 | Technology | |
| NVIDIA Corporation | -0.08 | 0.01 | 0.03 | 63 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.06 | -0.01 | 0.01 | 89 | Technology | |
| Coeur Mining, Inc. | -0.06 | 0.03 | 0.02 | 70 | Basic Materials | |
| Kinross Gold Corporation | -0.06 | 0.05 | 0.05 | 70 | Basic Materials |
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