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 0.31, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.31 | 0.37 | 0.47 | 76 | Technology Equities | SWK vs VGT | |
| State Street SPDR S&P 500 ETF | 0.48 | 0.51 | 0.59 | 70 | S&P 500 | SWK vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.54 | 0.62 | 0.65 | 80 | Dividend | SWK vs SCHD |
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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.07 | 0.18 | 69 | Consumer Defensive | |
| Canadian Utilities Limited | -0.09 | 0.07 | 0.12 | 90 | Utilities | |
| Exxon Mobil Corporation | -0.06 | 0.14 | 0.18 | 85 | Energy | |
| Chevron Corporation | -0.03 | 0.17 | 0.20 | 83 | Energy | |
| Walmart Inc. | 0.04 | 0.09 | 0.21 | 63 | Consumer Defensive |
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