Looking to balance out your exposure to TW? The ETFs below have historically moved differently from TW, 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 TW
6 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 -0.07, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.07 | 0.19 | 0.35 | 71 | S&P 500 | TW vs SPY | |
| Vanguard S&P 500 ETF | -0.06 | 0.19 | 0.35 | 72 | S&P 500 | TW vs VOO | |
| ARK Genomic Revolution Multi-Sector ETF | -0.03 | 0.06 | 0.24 | 60 | Health & Biotech Equities, Actively Managed | TW vs ARKG | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.01 | -0.00 | 0.04 | 100 | Government Bonds, Ultrashort Bond | TW vs BIL | |
| iMGP DBi Managed Futures Strategy ETF | 0.03 | 0.08 | -0.03 | 85 | Systematic Trend | TW vs DBMF |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TW, 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 Comfort Systems USA, Inc. (FIX) (Industrials) with a 1Y correlation of -0.20, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Comfort Systems USA, Inc. | -0.20 | 0.10 | 0.22 | 95 | Industrials | |
| Onto Innovation Inc. | -0.19 | 0.01 | 0.17 | 93 | Technology | |
| Vertiv Holdings Co. | -0.19 | 0.10 | 0.23 | 83 | Industrials | |
| Marvell Technology, Inc. | -0.18 | 0.03 | 0.20 | 90 | Technology | |
| Coherent Corp. | -0.17 | 0.02 | 0.15 | 92 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TW
Add TW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TW