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
369 ETFs have low correlation with BWX (below 0.3), 41 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.77, roughly unchanged from -0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.77 | -0.73 | -0.71 | 61 | Leveraged Currency | BWX vs YCS | |
| TCW AAA CLO ETF | -0.26 | — | — | 99 | CLO | BWX vs ACLO | |
| First Trust Alternative Absolute Return Strategy E... | -0.26 | -0.10 | -0.06 | 70 | Commodities | BWX vs FAAR | |
| Fidelity Managed Futures ETF | -0.24 | — | — | 64 | Systematic Trend | BWX vs FFUT | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | BWX vs IBIC |
See all 2075 diversifiers for BWX
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