Looking to diversify beyond BABW? The ETFs below have historically moved differently from BABW, 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 BABW
1 ETFs have low correlation with BABW (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MRNA Option Income Strategy ETF | 0.10 | — | — | 50 | Derivative Income, Dividend | BABW vs MRNY | |
| iShares Core S&P 500 ETF | 0.43 | 0.43 | 0.43 | 72 | S&P 500 | BABW vs IVV |
Diversification Analysis
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