Looking to diversify beyond BWX? The ETFs below have the lowest correlation with BWX — 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 BWX.
Best Diversifiers for BWX
491 ETFs have low correlation with BWX (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.75, roughly unchanged from -0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.75 | -0.73 | -0.71 | 75 | Leveraged Currency | BWX vs YCS | |
| United States Gasoline Fund LP | -0.42 | -0.20 | -0.08 | 72 | Oil & Gas | BWX vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.27 | -0.08 | 0.02 | 51 | Commodities | BWX vs PDBC | |
| TCW AAA CLO ETF | -0.27 | -0.25 | -0.25 | 99 | CLO | BWX vs ACLO | |
| Fidelity Managed Futures ETF | -0.26 | -0.25 | -0.25 | 66 | Systematic Trend | BWX vs FFUT |
See all 2059 diversifiers for BWX
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