Looking to balance out your exposure to SWX? The ETFs below have the lowest correlation with SWX — they tend to move on their own, which can help reduce risk when SWX drops. The stock ideas table highlights individual companies that behave independently from SWX.
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 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.03 | 0.20 | 0.27 | 66 | S&P 500 | SWX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SWX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWX and solid risk/return profiles. The least correlated is Eldorado Gold Corporation (EGO) (Basic Materials) with a 1Y correlation of -0.01, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eldorado Gold Corporation | -0.01 | 0.11 | 0.11 | 67 | Basic Materials | |
| Nokia Corporation | 0.05 | 0.16 | 0.19 | 93 | Technology | |
| Warrior Met Coal, Inc. | 0.05 | 0.15 | 0.12 | 77 | Basic Materials | |
| Kiniksa Pharmaceuticals, Ltd. | 0.11 | 0.18 | 0.13 | 95 | Healthcare | |
| Turning Point Brands, Inc. | 0.16 | 0.26 | 0.25 | 53 | Consumer Defensive |
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