Looking to balance out your exposure to SWX? The ETFs below have historically moved differently from SWX, 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 SWX
1 ETFs have low correlation with SWX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.03, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.03 | 0.20 | 0.26 | 68 | S&P 500 | SWX vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SWX, 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 Eldorado Gold Corporation (EGO) (Basic Materials) with a 1Y correlation of -0.03, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eldorado Gold Corporation | -0.03 | 0.11 | 0.11 | 68 | Basic Materials | |
| Warrior Met Coal, Inc. | 0.02 | 0.14 | 0.12 | 76 | Basic Materials | |
| Nokia Corporation | 0.03 | 0.14 | 0.19 | 89 | Technology | |
| Kiniksa Pharmaceuticals, Ltd. | 0.09 | 0.18 | 0.13 | 97 | Healthcare | |
| Imax Corp | 0.19 | 0.17 | 0.18 | 92 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SWX
Add SWX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SWX