Looking to balance out your exposure to BWFG? The ETFs below have historically moved differently from BWFG, 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 BWFG
1 ETFs have low correlation with BWFG (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.25, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.25 | 0.36 | 0.37 | 67 | S&P 500 | BWFG vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BWFG, 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 Newmont Corporation (NEM) (Basic Materials) with a 1Y correlation of -0.02, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Newmont Corporation | -0.02 | 0.10 | 0.10 | 74 | Basic Materials | |
| NVIDIA Corporation | -0.00 | 0.14 | 0.18 | 56 | Technology | |
| Gold Fields Limited | 0.02 | 0.03 | 0.04 | 64 | Basic Materials | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.03 | 0.14 | 0.17 | 87 | Technology | |
| CVS Health Corporation | 0.05 | 0.13 | 0.19 | 94 | Healthcare |
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