Looking to balance out your exposure to SWBI? The ETFs below have the lowest correlation with SWBI — they tend to move on their own, which can help reduce risk when SWBI drops. The stock ideas table highlights individual companies that behave independently from SWBI.
Best Diversifiers for SWBI
1 ETFs have low correlation with SWBI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) (S&P 500) with a 1Y correlation of 0.20, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.20 | 0.16 | 0.32 | 60 | S&P 500, Large Cap Growth Equities | SWBI vs SPYG | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.25 | 0.38 | 74 | S&P 500 | SWBI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SWBI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWBI and solid risk/return profiles. The least correlated is Carnival Corporation & Plc (CCL) (Consumer Cyclical) with a 1Y correlation of 0.23, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Carnival Corporation & Plc | 0.23 | 0.19 | 0.29 | 54 | Consumer Cyclical |
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