Looking to balance out your exposure to SWK? The ETFs below have the lowest correlation with SWK — they tend to move on their own, which can help reduce risk when SWK drops. The stock ideas table highlights individual companies that behave independently from SWK.
Best Diversifiers for SWK
0 ETFs have low correlation with SWK (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.33, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.33 | 0.38 | 0.47 | 50 | Technology Equities | SWK vs VGT | |
| Schwab U.S. Dividend Equity ETF | 0.47 | 0.59 | 0.63 | 91 | Dividend | SWK vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.53 | 0.59 | 65 | S&P 500 | SWK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SWK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWK and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.14, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.14 | 0.09 | 0.16 | 78 | Energy | |
| Canadian Utilities Limited | -0.13 | 0.07 | 0.11 | 96 | Utilities | |
| Chevron Corporation | -0.12 | 0.11 | 0.18 | 74 | Energy | |
| Altria Group, Inc. | -0.11 | 0.05 | 0.16 | 80 | Consumer Defensive | |
| Consolidated Edison, Inc. | -0.03 | 0.08 | 0.14 | 70 | Utilities |
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