Looking to balance out your exposure to BWFG? The ETFs below have the lowest correlation with BWFG — they tend to move on their own, which can help reduce risk when BWFG drops. The stock ideas table highlights individual companies that behave independently from BWFG.
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 0.26, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.26 | 0.37 | 0.38 | 61 | S&P 500 | BWFG vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BWFG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BWFG and solid risk/return profiles. The least correlated is Newmont Corporation (NEM) (Basic Materials) with a 1Y correlation of 0.02, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Newmont Corporation | 0.02 | 0.10 | 0.11 | 78 | Basic Materials | |
| NVIDIA Corporation | 0.04 | 0.16 | 0.19 | 64 | Technology | |
| AstraZeneca PLC | 0.05 | 0.10 | 0.10 | 83 | Healthcare | |
| Gold Fields Limited | 0.05 | 0.03 | 0.05 | 68 | Basic Materials | |
| AppLovin Corporation | 0.09 | 0.20 | 0.19 | 67 | Communication Services |
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