Looking to balance out your exposure to BWMX? The ETFs below have the lowest correlation with BWMX — they tend to move on their own, which can help reduce risk when BWMX drops. The stock ideas table highlights individual companies that behave independently from BWMX.
Best Diversifiers for BWMX
4 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) (Event Driven) with a 1Y correlation of 0.22, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Saba Closed-End Funds ETF | 0.22 | 0.23 | 0.20 | 85 | Event Driven, Actively Managed | BWMX vs CEFS | |
| Bridges Capital Tactical ETF | 0.24 | 0.20 | 0.20 | 62 | Large Cap Blend Equities | BWMX vs BDGS | |
| NEOS Nasdaq-100 High Income ETF | 0.29 | — | — | 54 | Nasdaq-100, Derivative Income | BWMX vs QQQI | |
| VanEck Semiconductor ETF | 0.30 | 0.21 | 0.21 | 94 | Semiconductors, Technology Equities | BWMX vs SMH | |
| iShares iBoxx $ High Yield Corporate Bond ETF | 0.31 | 0.25 | 0.24 | 52 | High Yield Bonds | BWMX vs HYG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BWMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BWMX and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.08 | 0.01 | 0.03 | 70 | Consumer Defensive | |
| Evergy, Inc. | -0.04 | 0.04 | 0.03 | 87 | Utilities | |
| Mercury General Corporation | -0.02 | 0.08 | 0.11 | 92 | Financial Services | |
| The Coca-Cola Company | -0.02 | 0.04 | 0.03 | 74 | Consumer Defensive | |
| Verizon Communications Inc. | -0.00 | 0.02 | 0.04 | 62 | Communication Services |
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