Looking to balance out your exposure to CW? The ETFs below have the lowest correlation with CW — they tend to move on their own, which can help reduce risk when CW drops. The stock ideas table highlights individual companies that behave independently from CW.
Best Diversifiers for CW
6 ETFs have low correlation with CW (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco BulletShares 2027 Municipal Bond ETF (BSMR) (Municipal Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2027 Municipal Bond ETF | 0.03 | 0.06 | 0.02 | 94 | Municipal Bonds | CW vs BSMR | |
| Invesco BulletShares 2030 Municipal Bond ETF | 0.10 | 0.05 | 0.04 | 72 | Municipal Bonds | CW vs BSMU | |
| Invesco BulletShares 2029 Municipal Bond ETF | 0.10 | 0.09 | 0.06 | 80 | Municipal Bonds | CW vs BSMT | |
| Invesco BulletShares 2028 Municipal Bond ETF | 0.11 | 0.08 | 0.04 | 83 | Municipal Bonds | CW vs BSMS | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | 0.12 | 0.07 | 0.04 | 75 | Municipal Bonds | CW vs FLMI |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CW and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.17 | -0.04 | 0.11 | 56 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.17 | 0.06 | 0.21 | 85 | Energy | |
| The Coca-Cola Company | -0.14 | -0.00 | 0.16 | 66 | Consumer Defensive | |
| Chubb Limited | -0.07 | 0.11 | 0.28 | 51 | Financial Services | |
| Murphy USA Inc. | -0.06 | 0.10 | 0.23 | 62 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CW
Add CW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CW