Looking to balance out your exposure to BWA? The ETFs below have the lowest correlation with BWA — they tend to move on their own, which can help reduce risk when BWA drops. The stock ideas table highlights individual companies that behave independently from BWA.
Best Diversifiers for BWA
0 ETFs have low correlation with BWA (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Lithium & Battery Tech ETF (LIT) (Commodity Producers Equities) with a 1Y correlation of 0.34, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Lithium & Battery Tech ETF | 0.34 | 0.43 | 0.43 | 94 | Commodity Producers Equities | BWA vs LIT | |
| Vanguard S&P 500 ETF | 0.44 | 0.47 | 0.53 | 70 | S&P 500 | BWA vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BWA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BWA and solid risk/return profiles. The least correlated is Shell plc (SHEL) (Energy) with a 1Y correlation of 0.05, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Shell plc | 0.05 | 0.23 | 0.32 | 80 | Energy | |
| HF Sinclair Corp | 0.06 | 0.22 | 0.30 | 92 | Energy | |
| Centrus Energy Corp. | 0.07 | 0.19 | 0.30 | 55 | Energy | |
| Verizon Communications Inc. | 0.10 | 0.14 | 0.18 | 59 | Communication Services | |
| General Electric Company | 0.11 | 0.21 | 0.39 | 65 | Industrials |
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