Looking to balance out your exposure to BWMN? The ETFs below have the lowest correlation with BWMN — they tend to move on their own, which can help reduce risk when BWMN drops. The stock ideas table highlights individual companies that behave independently from BWMN.
Best Diversifiers for BWMN
0 ETFs have low correlation with BWMN (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 0.52, up from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.52 | 0.48 | 0.33 | 65 | S&P 500 | BWMN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BWMN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BWMN and solid risk/return profiles. The least correlated is Xeris Biopharma Holdings, Inc. (XERS) (Healthcare) with a 1Y correlation of 0.17, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Xeris Biopharma Holdings, Inc. | 0.17 | 0.27 | 0.18 | 75 | Healthcare | |
| Reddit, Inc. | 0.18 | — | — | 58 | Communication Services | |
| RTX Corporation | 0.23 | 0.19 | 0.15 | 77 | Industrials | |
| Western Digital Corporation | 0.26 | 0.26 | 0.18 | 99 | Technology | |
| InterDigital, Inc. | 0.26 | 0.30 | 0.21 | 56 | Communication Services |
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