Looking to balance out your exposure to BWXT? The ETFs below have the lowest correlation with BWXT — they tend to move on their own, which can help reduce risk when BWXT drops. The stock ideas table highlights individual companies that behave independently from BWXT.
Best Diversifiers for BWXT
7 ETFs have low correlation with BWXT (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.13, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.04 | -0.00 | 100 | Ultrashort Bond | BWXT vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.01 | 0.03 | 0.11 | 83 | Inflation-Protected Bonds | BWXT vs VTIP | |
| Vanguard Short-Term Treasury ETF | 0.05 | 0.01 | 0.04 | 77 | Government Bonds, Short-Term Bond | BWXT vs VGSH | |
| Schwab U.S. Dividend Equity ETF | 0.14 | 0.27 | 0.37 | 77 | Dividend | BWXT vs SCHD | |
| iMGP DBi Managed Futures Strategy ETF | 0.23 | 0.22 | 0.11 | 74 | Systematic Trend | BWXT vs DBMF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BWXT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BWXT and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.17 | -0.04 | 0.08 | 61 | Consumer Defensive | |
| The J. M. Smucker Company | -0.16 | -0.04 | 0.06 | 61 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.16 | 0.04 | 0.17 | 72 | Energy | |
| Chubb Limited | -0.12 | 0.04 | 0.19 | 69 | Financial Services | |
| The Southern Company | -0.01 | 0.05 | 0.17 | 55 | Utilities |
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