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
174 ETFs have low correlation with SWAN (below 0.3), 68 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.43 | -0.37 | -0.39 | 51 | Currency | SWAN vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.38 | -0.38 | 68 | Inverse Equities, Leveraged Equities | SWAN vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.39 | -0.29 | -0.29 | 57 | Cryptocurrency | SWAN vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SWAN vs SBIT | |
| Invesco DB Energy Fund | -0.37 | -0.15 | -0.05 | 53 | Oil & Gas | SWAN vs DBE |
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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 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| InterContinental Hotels Group PLC | 0.36 | 0.40 | 0.41 | 84 | Consumer Cyclical | |
| Reaves Utility Income Trust | 0.42 | 0.41 | 0.46 | 74 | Financial Services | |
| NVIDIA Corporation | 0.47 | 0.51 | 0.53 | 65 | Technology | |
| Alphabet Inc. Class A | 0.57 | 0.51 | 0.54 | 96 | Communication Services | |
| BlackRock Science and Technology Trust | 0.63 | 0.64 | 0.62 | 85 | Financial Services |
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