Looking to diversify beyond BWOW? The ETFs below have the lowest correlation with BWOW — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BWOW.
Best Diversifiers for BWOW
0 ETFs have low correlation with BWOW (below 0.3), 0 of which are negatively correlated. The least correlated is Valkyrie Bitcoin Miners ETF (WGMI) (Cryptocurrency) with a 1Y correlation of 0.47, roughly unchanged from 0.47 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Valkyrie Bitcoin Miners ETF | 0.47 | 0.47 | — | 79 | Cryptocurrency | BWOW vs WGMI |
Diversification Analysis
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