Looking to balance out your exposure to CW? The ETFs below have historically moved differently from CW, 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 CW
5 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 0.05, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2027 Municipal Bond ETF | 0.05 | 0.07 | 0.04 | 93 | Municipal Bonds | CW vs BSMR | |
| Invesco BulletShares 2030 Municipal Bond ETF | 0.08 | 0.05 | 0.04 | 55 | Municipal Bonds | CW vs BSMU | |
| Invesco BulletShares 2029 Municipal Bond ETF | 0.10 | 0.11 | 0.07 | 67 | Municipal Bonds | CW vs BSMT | |
| Invesco BulletShares 2028 Municipal Bond ETF | 0.10 | 0.08 | 0.04 | 86 | Municipal Bonds | CW vs BSMS | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | 0.15 | 0.08 | 0.05 | 82 | Municipal Bonds | CW vs FLMI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CW, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.24, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.24 | -0.04 | 0.12 | 90 | Consumer Defensive | |
| PepsiCo, Inc. | -0.22 | -0.07 | 0.09 | 50 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.18 | 0.03 | 0.19 | 84 | Energy | |
| Chubb Limited | -0.15 | 0.07 | 0.24 | 89 | Financial Services | |
| Visa Inc. | -0.11 | 0.15 | 0.27 | 53 | Financial Services |
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