Looking to diversify beyond TOPW? The ETFs below have historically moved differently from TOPW, 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 TOPW
423 ETFs have low correlation with TOPW (below 0.3), 53 of which are negatively correlated. The least correlated is iShares U.S. Insurance ETF (IAK) (Financials Equities) with a 1Y correlation of -0.19, roughly unchanged from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Insurance ETF | -0.19 | -0.19 | -0.19 | 53 | Financials Equities | TOPW vs IAK | |
| ProShares Ultra Oil & Gas | -0.18 | -0.18 | -0.18 | 71 | Leveraged Equities | TOPW vs DIG | |
| United States Oil Fund LP | -0.18 | -0.18 | -0.18 | 55 | Oil & Gas | TOPW vs USO | |
| Direxion Daily Energy Bull 2X Shares | -0.18 | -0.18 | -0.18 | 71 | Energy Equities, Leveraged Equities | TOPW vs ERX | |
| MicroSectors Energy 3X Leveraged ETN | -0.18 | -0.18 | — | 55 | Leveraged Equities | TOPW vs WTIU |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TOPW, 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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.15, roughly unchanged from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.15 | -0.15 | -0.15 | 77 | Real Estate | |
| Eli Lilly and Company | 0.02 | 0.02 | 0.02 | 83 | Healthcare | |
| Cohen & Steers Infrastructure Fund, Inc | 0.11 | 0.11 | 0.11 | 74 | Financial Services | |
| Pathward Financial, Inc. | 0.19 | 0.19 | 0.19 | 61 | Financial Services | |
| Apple Inc | 0.32 | 0.32 | 0.32 | 89 | Technology |
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