Looking to balance out your exposure to TROW? The ETFs below have the lowest correlation with TROW — they tend to move on their own, which can help reduce risk when TROW drops. The stock ideas table highlights individual companies that behave independently from TROW.
Best Diversifiers for TROW
0 ETFs have low correlation with TROW (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 Growth ETF (VOOG) (S&P 500) with a 1Y correlation of 0.41, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 Growth ETF | 0.41 | 0.49 | 0.63 | 58 | S&P 500, Large Cap Growth Equities | TROW vs VOOG | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.44 | 0.49 | — | 74 | Nasdaq-100, Derivative Income | TROW vs JEPQ | |
| Schwab U.S. Dividend Equity ETF | 0.45 | 0.60 | 0.67 | 80 | Dividend | TROW vs SCHD | |
| Vanguard S&P 500 ETF | 0.54 | 0.62 | 0.72 | 70 | S&P 500 | TROW vs VOO | |
| iShares Core S&P 500 ETF | 0.55 | 0.62 | 0.72 | 70 | S&P 500 | TROW vs IVV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TROW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TROW and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | 0.08 | 0.16 | 69 | Consumer Defensive | |
| The Coca-Cola Company | -0.06 | 0.08 | 0.21 | 66 | Consumer Defensive | |
| Plains GP Holdings, L.P. | -0.06 | 0.22 | 0.29 | 88 | Energy | |
| Cardinal Health, Inc. | -0.03 | 0.06 | 0.18 | 68 | Healthcare | |
| British American Tobacco p.l.c. | -0.01 | 0.16 | 0.20 | 77 | Consumer Defensive |
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