Looking to balance out your exposure to BWMX? The ETFs below have historically moved differently from BWMX, 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 BWMX
3 ETFs have low correlation with BWMX (below 0.3), 0 of which are negatively correlated. The least correlated is Saba Closed-End Funds ETF (CEFS) (Actively Managed) with a 1Y correlation of 0.20, roughly unchanged from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Saba Closed-End Funds ETF | 0.20 | 0.21 | 0.20 | 83 | Actively Managed | BWMX vs CEFS | |
| VanEck Semiconductor ETF | 0.26 | 0.21 | 0.20 | 87 | Semiconductors, Technology Equities | BWMX vs SMH | |
| Bridges Capital Tactical ETF | 0.29 | 0.22 | — | 72 | Tactical Allocation | BWMX vs BDGS | |
| Vanguard S&P 500 ETF | 0.35 | 0.25 | 0.24 | 72 | S&P 500 | BWMX vs VOO | |
| iShares iBoxx $ High Yield Corporate Bond ETF | 0.38 | 0.25 | 0.25 | 54 | High Yield Bonds | BWMX vs HYG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BWMX, 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 CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of -0.04, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | -0.04 | 0.02 | 0.03 | 93 | Healthcare | |
| Walmart Inc. | -0.04 | 0.01 | 0.03 | 58 | Consumer Defensive | |
| Evergy, Inc. | -0.02 | 0.04 | 0.03 | 77 | Utilities | |
| Verizon Communications Inc. | 0.00 | 0.02 | 0.04 | 63 | Communication Services | |
| Mercury General Corporation | 0.02 | 0.09 | 0.11 | 89 | Financial Services |
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