Looking to balance out your exposure to BWA? The ETFs below have historically moved differently from BWA, 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 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) (Lithium & Battery Metals) with a 1Y correlation of 0.35, roughly unchanged from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Lithium & Battery Tech ETF | 0.35 | 0.43 | 0.43 | 77 | Lithium & Battery Metals | BWA vs LIT | |
| Vanguard S&P 500 ETF | 0.46 | 0.48 | 0.53 | 78 | S&P 500 | BWA vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BWA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Range Resources Corporation (RRC) (Energy) with a 1Y correlation of -0.11, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Range Resources Corporation | -0.11 | 0.11 | 0.23 | 57 | Energy | |
| Molina Healthcare, Inc. | -0.03 | 0.08 | 0.13 | 60 | Healthcare | |
| Visa Inc. | -0.02 | 0.18 | 0.30 | 55 | Financial Services | |
| Verizon Communications Inc. | -0.01 | 0.11 | 0.15 | 66 | Communication Services | |
| HF Sinclair Corp | -0.01 | 0.20 | 0.28 | 96 | Energy |
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