Looking to diversify beyond TOPW? The ETFs below have the lowest correlation with TOPW — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TOPW.
Best Diversifiers for TOPW
282 ETFs have low correlation with TOPW (below 0.3), 23 of which are negatively correlated. The least correlated is Alerian Energy Infrastructure ETF (ENFR) (Energy Equities) with a 1Y correlation of -0.12, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian Energy Infrastructure ETF | -0.12 | -0.12 | -0.12 | 50 | Energy Equities | TOPW vs ENFR | |
| First Trust North American Energy Infrastructure F... | -0.07 | -0.07 | -0.07 | 65 | MLPs | TOPW vs EMLP | |
| Global X 1-3 Month T-Bill ETF | -0.07 | -0.07 | -0.07 | 100 | Ultrashort Bond | TOPW vs CLIP | |
| F/m US Treasury 3 Month Bill ETF | -0.07 | -0.07 | -0.07 | 100 | Ultrashort Bond | TOPW vs TBIL | |
| SGI Enhanced Core ETF | -0.06 | -0.06 | -0.06 | 95 | Intermediate Core Bond | TOPW vs USDX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TOPW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TOPW and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.08 | 0.08 | 0.08 | 75 | Healthcare | |
| Cohen & Steers Infrastructure Fund, Inc | 0.18 | 0.18 | 0.18 | 69 | Financial Services | |
| Meta Financial Group, Inc. | 0.21 | 0.21 | 0.21 | 54 | Financial Services | |
| Apple Inc | 0.28 | 0.28 | 0.28 | 88 | Technology | |
| Reaves Utility Income Trust | 0.42 | 0.42 | 0.42 | 81 | Financial Services |
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