Looking to balance out your exposure to TWST? The ETFs below have the lowest correlation with TWST — they tend to move on their own, which can help reduce risk when TWST drops. The stock ideas table highlights individual companies that behave independently from TWST.
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 0.47, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bull 3X ETF | 0.47 | 0.53 | 0.55 | 67 | Leveraged Equities, S&P 500 | TWST vs SPXL |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TWST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TWST and solid risk/return profiles. The least correlated is Sempra Energy (SRE) (Utilities) with a 1Y correlation of -0.00, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sempra Energy | -0.00 | 0.12 | 0.13 | 71 | Utilities | |
| Johnson & Johnson | 0.05 | 0.04 | 0.07 | 94 | Healthcare | |
| AbbVie Inc. | 0.06 | 0.12 | 0.09 | 68 | Healthcare | |
| Black Hills Corporation | 0.09 | 0.17 | 0.14 | 81 | Utilities | |
| Cisco Systems, Inc. | 0.12 | 0.26 | 0.30 | 96 | Technology |
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