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
0 ETFs have low correlation with CWII (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Information Technology Covered Call & Growth ETF (TYLG) (Derivative Income) with a 1Y correlation of 0.55, roughly unchanged from 0.55 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Information Technology Covered Call & Gro... | 0.55 | 0.55 | — | 88 | Derivative Income | CWII vs TYLG |
Diversification Analysis
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