Looking to diversify beyond CWS? The ETFs below have historically moved differently from CWS, 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 CWS
441 ETFs have low correlation with CWS (below 0.3), 66 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 61 | Inverse Equities, Leveraged Equities | CWS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | — | — | 52 | Inverse Equities | CWS vs SMST | |
| ProShares Short Bitcoin ETF | -0.27 | -0.26 | — | 61 | Cryptocurrency | CWS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CWS vs SBIT | |
| Invesco DB Energy Fund | -0.26 | -0.13 | 0.02 | 72 | Oil & Gas | CWS vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CWS, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.24, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.24 | 0.44 | 0.53 | 61 | Financial Services | |
| Toll Brothers, Inc. | 0.51 | 0.59 | 0.59 | 66 | Consumer Cyclical |
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