Looking to balance out your exposure to TWST? The ETFs below have historically moved differently from TWST, 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 TWST
0 ETFs have low correlation with TWST (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily S&P 500 Bull 3X ETF (SPXL) (Leveraged Equities) with a 1Y correlation of 0.48, roughly unchanged from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bull 3X ETF | 0.48 | 0.53 | 0.55 | 51 | Leveraged Equities, S&P 500 | TWST vs SPXL |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TWST, 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 Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.03, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.03 | 0.02 | 0.06 | 97 | Healthcare | |
| Sempra Energy | 0.01 | 0.11 | 0.14 | 62 | Utilities | |
| AbbVie Inc. | 0.01 | 0.12 | 0.09 | 81 | Healthcare | |
| Black Hills Corporation | 0.05 | 0.16 | 0.14 | 81 | Utilities | |
| NextEra Energy, Inc. | 0.08 | 0.10 | 0.16 | 77 | Utilities |
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