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
133 ETFs have low correlation with SWAN (below 0.3), 36 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.34, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.34 | -0.12 | -0.03 | 55 | Oil & Gas | SWAN vs UGA | |
| ProShares UltraShort Yen | -0.34 | -0.24 | -0.28 | 63 | Leveraged Currency | SWAN vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | 0.13 | 0.13 | 98 | Inflation-Protected Bonds | SWAN vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.18 | -0.06 | -0.06 | 99 | Ultrashort Bond | SWAN vs CSHP | |
| iShares 0-3 Month Treasury Bond ETF | -0.17 | -0.05 | -0.01 | 100 | Ultrashort Bond | SWAN vs SGOV |
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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 0.35, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| InterContinental Hotels Group PLC | 0.35 | 0.41 | 0.41 | 89 | Consumer Cyclical | |
| NVIDIA Corporation | 0.41 | 0.46 | 0.49 | 72 | Technology | |
| Reaves Utility Income Trust | 0.41 | 0.41 | 0.46 | 79 | Financial Services | |
| Alphabet Inc. Class A | 0.55 | 0.50 | 0.53 | 96 | Communication Services | |
| BlackRock Science and Technology Trust | 0.63 | 0.64 | 0.62 | 88 | Financial Services |
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