Looking to diversify beyond BABW? The ETFs below have the lowest correlation with BABW — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BABW.
Best Diversifiers for BABW
0 ETFs have low correlation with BABW (below 0.3), 0 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call ETF (QYLD) (Nasdaq-100) with a 1Y correlation of 0.38, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | 0.38 | 0.38 | 0.38 | 89 | Nasdaq-100, Derivative Income | BABW vs QYLD |
Diversification Analysis
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