Looking to diversify beyond STW.AX? The ETFs below have the lowest correlation with STW.AX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from STW.AX.
Best Diversifiers for STW.AX
0 ETFs have low correlation with STW.AX (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Resources ETF (OZR.AX) (Global Equities) with a 1Y correlation of 0.60, roughly unchanged from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR ETFs Australia - State Street SPDR S&P/ASX 20... | 0.60 | 0.60 | 0.63 | 63 | Global Equities | STW.AX vs OZR.AX |
Diversification Analysis
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