Looking to balance out your exposure to BWEN? The ETFs below have the lowest correlation with BWEN — they tend to move on their own, which can help reduce risk when BWEN drops. The stock ideas table highlights individual companies that behave independently from BWEN.
Best Diversifiers for BWEN
4 ETFs have low correlation with BWEN (below 0.3), 0 of which are negatively correlated. The least correlated is Bridges Capital Tactical ETF (BDGS) (Large Cap Blend Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Bridges Capital Tactical ETF | 0.16 | 0.21 | — | 76 | Large Cap Blend Equities | BWEN vs BDGS | |
| Saba Closed-End Funds ETF | 0.21 | 0.24 | 0.27 | 82 | Event Driven | BWEN vs CEFS | |
| NEOS Nasdaq-100 High Income ETF | 0.25 | — | — | 70 | Nasdaq-100, Derivative Income | BWEN vs QQQI | |
| VanEck Semiconductor ETF | 0.26 | 0.27 | 0.32 | 96 | Semiconductors, Technology Equities | BWEN vs SMH | |
| NEOS Russell 2000 High Income ETF | 0.34 | — | — | 78 | Derivative Income | BWEN vs IWMI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BWEN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BWEN and solid risk/return profiles. The least correlated is Orchid Island Capital, Inc. (ORC) (Real Estate) with a 1Y correlation of 0.08, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Orchid Island Capital, Inc. | 0.08 | 0.22 | 0.22 | 63 | Real Estate | |
| Wayfair Inc. | 0.15 | 0.25 | 0.31 | 69 | Consumer Cyclical | |
| LendingClub Corporation | 0.25 | 0.26 | 0.34 | 73 | Financial Services |
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