Looking to balance out your exposure to STWD? The ETFs below have historically moved differently from STWD, 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 STWD
6 ETFs have low correlation with STWD (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.06, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.06 | 0.22 | 0.36 | 88 | Semiconductors, Technology Equities | STWD vs SMH | |
| Invesco NASDAQ 100 ETF | 0.11 | 0.30 | 0.44 | 59 | Nasdaq-100 | STWD vs QQQM | |
| Vanguard S&P 500 Growth ETF | 0.13 | 0.30 | 0.45 | 53 | S&P 500, Large Cap Growth Equities | STWD vs VOOG | |
| Global X NASDAQ 100 Covered Call ETF | 0.14 | 0.28 | 0.42 | 87 | Nasdaq-100, Derivative Income | STWD vs QYLD | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.14 | 0.31 | — | 66 | Nasdaq-100, Derivative Income | STWD vs JEPQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for STWD, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.04, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.04 | 0.12 | 0.29 | 61 | Technology | |
| Eli Lilly and Company | 0.00 | 0.10 | 0.12 | 79 | Healthcare | |
| Energy Transfer LP | 0.02 | 0.20 | 0.31 | 82 | Energy | |
| Chevron Corporation | 0.03 | 0.21 | 0.30 | 79 | Energy | |
| Sabra Health Care REIT, Inc. | 0.09 | 0.27 | 0.39 | 69 | Real Estate |
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