Looking to balance out your exposure to SWKS? The ETFs below have the lowest correlation with SWKS — they tend to move on their own, which can help reduce risk when SWKS drops. The stock ideas table highlights individual companies that behave independently from SWKS.
Best Diversifiers for SWKS
1 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 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF | 0.06 | 0.10 | 0.08 | 99 | Ultrashort Bond | SWKS vs JPST | |
| Schwab U.S. Dividend Equity ETF | 0.36 | 0.47 | 0.55 | 86 | Dividend | SWKS vs SCHD | |
| Vanguard FTSE Developed Markets ETF | 0.42 | 0.48 | 0.56 | 58 | Foreign Large Cap Equities | SWKS vs VEA | |
| Vanguard Total World Stock ETF | 0.42 | 0.54 | 0.62 | 63 | Global Equities | SWKS vs VT | |
| Vanguard Information Technology ETF | 0.42 | 0.55 | 0.67 | 57 | Technology Equities | SWKS vs VGT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SWKS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWKS and solid risk/return profiles. The least correlated is Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.09, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.09 | 0.05 | 0.14 | 58 | Energy | |
| Johnson & Johnson | -0.08 | 0.04 | 0.09 | 97 | Healthcare | |
| The Coca-Cola Company | -0.05 | 0.02 | 0.10 | 83 | Consumer Defensive | |
| Lockheed Martin Corporation | -0.02 | -0.01 | 0.05 | 59 | Industrials | |
| PepsiCo, Inc. | -0.01 | 0.07 | 0.13 | 53 | Consumer Defensive |
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