Looking to balance out your exposure to BWXT? The ETFs below have historically moved differently from BWXT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BWXT
10 ETFs have low correlation with BWXT (below 0.3), 3 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.17, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.17 | -0.05 | -0.02 | 100 | Ultrashort Bond | BWXT vs SGOV | |
| State Street Energy Select Sector SPDR ETF | -0.08 | 0.11 | 0.23 | 75 | Energy Equities | BWXT vs XLE | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.05 | 0.02 | 0.10 | 88 | Inflation-Protected Bonds | BWXT vs VTIP | |
| Vanguard Short-Term Treasury ETF | 0.03 | 0.00 | 0.04 | 87 | Government Bonds, Short-Term Bond | BWXT vs VGSH | |
| abrdn Bloomberg All Commodity Strategy K-1 Free ET... | 0.04 | 0.08 | 0.14 | 73 | Commodities | BWXT vs BCI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BWXT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Colgate-Palmolive Company (CL) (Consumer Defensive) with a 1Y correlation of -0.25, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Colgate-Palmolive Company | -0.25 | -0.06 | 0.06 | 57 | Consumer Defensive | |
| The J. M. Smucker Company | -0.23 | -0.07 | 0.04 | 58 | Consumer Defensive | |
| Chubb Limited | -0.18 | 0.01 | 0.16 | 87 | Financial Services | |
| Exxon Mobil Corporation | -0.15 | 0.03 | 0.16 | 85 | Energy | |
| Berkshire Hathaway Inc. | -0.09 | 0.13 | 0.26 | 61 | Financial Services |
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