Looking to diversify beyond BWET? The ETFs below have the lowest correlation with BWET — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BWET.
Best Diversifiers for BWET
2055 ETFs have low correlation with BWET (below 0.3), 1370 of which are negatively correlated. The least correlated is AB Ultra Short Income ETF (YEAR) (Ultrashort Bond) with a 1Y correlation of -0.18, roughly unchanged from -0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Ultra Short Income ETF | -0.18 | -0.08 | — | 98 | Ultrashort Bond | BWET vs YEAR | |
| Schwab Ultra-Short Income ETF | -0.18 | — | — | 99 | Ultrashort Bond | BWET vs SCUS | |
| WisdomTree 1-3 Year Laddered Treasury Fund | -0.17 | — | — | 86 | Government Bonds, Short-Term Bond | BWET vs USSH | |
| US Treasury 12 Month Bill ETF | -0.17 | -0.11 | — | 99 | Government Bonds, Ultrashort Bond | BWET vs OBIL | |
| US Treasury 2 Year Note ETF | -0.17 | -0.09 | — | 79 | Government Bonds | BWET vs UTWO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BWET, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BWET and solid risk/return profiles. The least correlated is Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) (Utilities) with a 1Y correlation of -0.14, down from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enlight Renewable Energy Ltd. Ordinary Shares | -0.14 | -0.02 | — | 97 | Utilities | |
| The Toronto-Dominion Bank | -0.09 | -0.02 | — | 98 | Financial Services | |
| Planet Labs PBC | -0.06 | -0.02 | — | 96 | Industrials | |
| RLJ Lodging Trust | -0.01 | -0.01 | — | 90 | Real Estate | |
| Alphabet Inc. Class A | -0.00 | 0.01 | — | 96 | Communication Services |
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