Looking to balance out your exposure to TWLO? The ETFs below have the lowest correlation with TWLO — they tend to move on their own, which can help reduce risk when TWLO drops. The stock ideas table highlights individual companies that behave independently from TWLO.
Best Diversifiers for TWLO
1 ETFs have low correlation with TWLO (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of 0.25, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | 0.25 | 0.36 | 0.46 | 97 | Leveraged Equities, Semiconductors | TWLO vs SOXL | |
| Vanguard S&P 500 ETF | 0.40 | 0.48 | 0.53 | 70 | S&P 500 | TWLO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.41 | 0.48 | 0.53 | 70 | S&P 500 | TWLO vs SPY | |
| ProShares Ultra QQQ | 0.47 | 0.48 | 0.57 | 69 | Leveraged Equities | TWLO vs QLD | |
| Invesco QQQ ETF | 0.47 | 0.48 | 0.57 | 73 | Nasdaq-100 | TWLO vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TWLO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TWLO and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.17, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.17 | -0.04 | 0.01 | 59 | Communication Services | |
| Merck & Co., Inc. | -0.12 | -0.04 | -0.05 | 87 | Healthcare | |
| Cenovus Energy Inc. | -0.02 | 0.08 | 0.12 | 95 | Energy | |
| Bunge Limited | -0.02 | 0.04 | 0.05 | 91 | Consumer Defensive | |
| Spire Inc. | -0.02 | 0.10 | 0.08 | 58 | Utilities |
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