Looking to balance out your exposure to TW? The ETFs below have the lowest correlation with TW — they tend to move on their own, which can help reduce risk when TW drops. The stock ideas table highlights individual companies that behave independently from TW.
Best Diversifiers for TW
5 ETFs have low correlation with TW (below 0.3), 3 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.02, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.02 | 0.20 | 0.36 | 65 | S&P 500 | TW vs SPY | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01 | 0.00 | 0.04 | 100 | Government Bonds, Ultrashort Bond | TW vs BIL | |
| Vanguard S&P 500 ETF | -0.01 | 0.20 | 0.36 | 66 | S&P 500 | TW vs VOO | |
| iMGP DBi Managed Futures Strategy ETF | 0.05 | 0.09 | -0.02 | 86 | Systematic Trend | TW vs DBMF | |
| iShares 0-3 Month Treasury Bond ETF | 0.14 | 0.10 | 0.06 | 100 | Ultrashort Bond | TW vs SGOV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TW and solid risk/return profiles. The least correlated is Onto Innovation Inc. (ONTO) (Technology) with a 1Y correlation of -0.14, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Onto Innovation Inc. | -0.14 | 0.03 | 0.18 | 95 | Technology | |
| Tesla, Inc. | -0.14 | 0.02 | 0.17 | 59 | Consumer Cyclical | |
| Vertiv Holdings Co. | -0.13 | 0.12 | 0.24 | 92 | Industrials | |
| Comfort Systems USA, Inc. | -0.13 | 0.12 | 0.23 | 97 | Industrials | |
| Coherent Corp. | -0.12 | 0.03 | 0.17 | 92 | Technology |
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