Looking to balance out your exposure to SWKS? The ETFs below have historically moved differently from SWKS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SWKS
2 ETFs have low correlation with SWKS (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Income ETF (JPST) (Ultrashort Bond) with a 1Y correlation of 0.06, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF | 0.06 | 0.10 | 0.09 | 99 | Ultrashort Bond | SWKS vs JPST | |
| iShares U.S. Healthcare ETF | 0.14 | 0.30 | 0.38 | 70 | Health & Biotech Equities | SWKS vs IYH | |
| Schwab U.S. Dividend Equity ETF | 0.33 | 0.47 | 0.54 | 95 | Dividend | SWKS vs SCHD | |
| Vanguard FTSE Developed Markets ETF | 0.41 | 0.48 | 0.56 | 75 | Foreign Large Cap Equities | SWKS vs VEA | |
| Vanguard FTSE All-World ex-US ETF | 0.42 | 0.49 | 0.57 | 73 | Foreign Large Cap Equities | SWKS vs VEU |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SWKS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.13, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.13 | 0.03 | 0.12 | 57 | Energy | |
| Johnson & Johnson | -0.10 | 0.04 | 0.09 | 97 | Healthcare | |
| The Coca-Cola Company | -0.07 | 0.02 | 0.11 | 90 | Consumer Defensive | |
| Lockheed Martin Corporation | -0.03 | -0.01 | 0.04 | 80 | Industrials | |
| PepsiCo, Inc. | -0.02 | 0.07 | 0.13 | 50 | Consumer Defensive |
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