Looking to diversify beyond CWII? The ETFs below have the lowest correlation with CWII — 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 CWII.
Best Diversifiers for CWII
4 ETFs have low correlation with CWII (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 69 | Derivative Income | CWII vs WNTR | |
| Kurv Yield Premium Strategy Apple (AAPL) ETF | 0.06 | — | — | 69 | Derivative Income | CWII vs AAPY | |
| Amplify CWP Enhanced Dividend Income ETF | 0.20 | 0.20 | 0.20 | 72 | Derivative Income | CWII vs DIVO | |
| FT Cboe Vest Rising Dividend Achievers Target Inco... | 0.28 | 0.28 | 0.28 | 82 | Derivative Income | CWII vs RDVI | |
| Global X S&P 500 Covered Call & Growth ETF | 0.39 | 0.39 | 0.39 | 78 | Derivative Income, S&P 500 | CWII vs XYLG |
See all 8 diversifiers for CWII
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Diversification Analysis
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