Looking to diversify beyond BWET? The ETFs below have historically moved differently from BWET, 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 BWET
2242 ETFs have low correlation with BWET (below 0.3), 1078 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Ultra-Short Income ETF | -0.20 | — | — | 99 | Ultrashort Bond | BWET vs SCUS | |
| AB Ultra Short Income ETF | -0.18 | -0.08 | — | 98 | Ultrashort Bond | BWET vs YEAR | |
| iShares Short Maturity Municipal Bond ETF | -0.17 | -0.06 | — | 96 | Municipal Bonds | BWET vs MEAR | |
| WisdomTree 1-3 Year Laddered Treasury Fund | -0.17 | — | — | 90 | Government Bonds, Short-Term Bond | BWET vs USSH | |
| US Treasury 2 Year Note ETF | -0.17 | -0.09 | — | 87 | Government Bonds | BWET vs UTWO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BWET, 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 Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) (Utilities) with a 1Y correlation of -0.12, down from -0.01 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enlight Renewable Energy Ltd. Ordinary Shares | -0.12 | -0.01 | — | 98 | Utilities | |
| The Toronto-Dominion Bank | -0.09 | -0.03 | — | 99 | Financial Services | |
| HCA Healthcare, Inc. | -0.09 | -0.05 | — | 57 | Healthcare | |
| Planet Labs PBC | -0.05 | -0.01 | — | 92 | Industrials | |
| Dell Technologies Inc. | -0.03 | -0.01 | — | 96 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BWET
Add BWET to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BWET