Looking to balance out your exposure to YORW? The ETFs below have the lowest correlation with YORW — they tend to move on their own, which can help reduce risk when YORW drops. The stock ideas table highlights individual companies that behave independently from YORW.
Best Diversifiers for YORW
2 ETFs have low correlation with YORW (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.04, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.04 | 0.16 | 0.23 | 59 | S&P 500 | YORW vs VOO | |
| State Street SPDR S&P 500 ETF | 0.04 | 0.16 | 0.23 | 59 | S&P 500 | YORW vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from YORW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to YORW and solid risk/return profiles. The least correlated is Cognex Corporation (CGNX) (Technology) with a 1Y correlation of 0.07, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cognex Corporation | 0.07 | 0.16 | 0.19 | 89 | Technology | |
| Kinder Morgan, Inc. | 0.12 | 0.21 | 0.23 | 72 | Energy | |
| H2O America | 0.65 | 0.71 | 0.68 | 55 | Utilities |
Build a portfolio that complements YORW
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