Looking to balance out your exposure to BLW? The ETFs below have historically moved differently from BLW, 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 BLW
3 ETFs have low correlation with BLW (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Floating Rate Income ETF (PFRL) (Bank Loan) with a 1Y correlation of 0.19, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income ETF | 0.19 | 0.22 | 0.30 | 94 | Bank Loan | BLW vs PFRL | |
| Eldridge BBB-B CLO ETF | 0.19 | 0.12 | — | 63 | CLO | BLW vs CLOZ | |
| Schwab International Dividend Equity ETF | 0.26 | 0.30 | 0.36 | 86 | Dividend, Foreign Large Cap Equities | BLW vs SCHY | |
| State Street Blackstone Senior Loan ETF | 0.34 | 0.35 | 0.43 | 59 | Bank Loan, High Yield Bonds | BLW vs SRLN | |
| Global X NASDAQ 100 Covered Call ETF | 0.36 | 0.28 | 0.37 | 83 | Nasdaq-100, Derivative Income | BLW vs QYLD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BLW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.23 | — | — | 57 | Technology | |
| Reaves Utility Income Trust | 0.28 | 0.29 | 0.35 | 55 | Financial Services | |
| BlackRock Health Sciences Trust II | 0.28 | 0.28 | 0.37 | 80 | Financial Services | |
| BlackRock Capital Allocation Term Trust | 0.35 | 0.33 | 0.42 | 95 | Financial Services | |
| BlackRock Science and Technology Term Trust | 0.36 | 0.29 | 0.39 | 87 | Financial Services |
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