Looking to diversify beyond SWAN? The ETFs below have the lowest correlation with SWAN — 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 SWAN.
Best Diversifiers for SWAN
187 ETFs have low correlation with SWAN (below 0.3), 70 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.39, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.39 | -0.15 | -0.04 | 71 | Oil & Gas | SWAN vs DBE | |
| United States Oil Fund LP | -0.37 | -0.14 | -0.05 | 66 | Oil & Gas | SWAN vs USO | |
| United States Brent Oil Fund LP | -0.37 | -0.14 | -0.05 | 65 | Oil & Gas | SWAN vs BNO | |
| ProShares Ultra Bloomberg Crude Oil | -0.36 | -0.11 | -0.03 | 56 | Leveraged Commodities | SWAN vs UCO | |
| Defiance Oil Enhanced Options Income ETF | -0.36 | -0.18 | -0.18 | 56 | Derivative Income | SWAN vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SWAN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWAN and solid risk/return profiles. The least correlated is InterContinental Hotels Group PLC (IHG) (Consumer Cyclical) with a 1Y correlation of 0.36, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| InterContinental Hotels Group PLC | 0.36 | 0.41 | 0.42 | 80 | Consumer Cyclical | |
| NVIDIA Corporation | 0.44 | 0.50 | 0.53 | 82 | Technology | |
| Alphabet Inc Class A | 0.51 | 0.50 | 0.53 | 96 | Communication Services | |
| BlackRock Science and Technology Trust | 0.61 | 0.64 | 0.61 | 90 | Financial Services |
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