Looking to balance out your exposure to BLW? The ETFs below have the lowest correlation with BLW — they tend to move on their own, which can help reduce risk when BLW drops. The stock ideas table highlights individual companies that behave independently from BLW.
Best Diversifiers for BLW
7 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, roughly unchanged from 0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income ETF | 0.19 | 0.23 | — | 91 | Bank Loan | BLW vs PFRL | |
| Panagram Bbb-B Clo ETF | 0.21 | 0.12 | — | 53 | CLO | BLW vs CLOZ | |
| Schwab International Dividend Equity ETF | 0.21 | 0.31 | 0.36 | 54 | Dividend, Foreign Large Cap Equities | BLW vs SCHY | |
| iShares Investment Grade Corporate Bond Buywrite S... | 0.24 | 0.30 | 0.33 | 59 | Corporate Bonds | BLW vs LQDW | |
| SPDR Portfolio High Yield Bond ETF | 0.28 | 0.39 | 0.47 | 64 | High Yield Bonds | BLW vs SPHY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BLW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BLW and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.26, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.26 | 0.28 | 0.35 | 79 | Financial Services | |
| AGNC Investment Corp. | 0.30 | 0.37 | 0.40 | 77 | Real Estate | |
| BlackRock Science and Technology Trust II | 0.32 | 0.29 | 0.38 | 96 | Financial Services | |
| BlackRock Science and Technology Trust | 0.38 | 0.33 | 0.42 | 88 | Financial Services |
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