Looking to diversify beyond CWS? The ETFs below have the lowest correlation with CWS — 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 CWS.
Best Diversifiers for CWS
432 ETFs have low correlation with CWS (below 0.3), 52 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.09 | 0.04 | 71 | Oil & Gas | CWS vs DBE | |
| United States 12 Month Oil Fund LP | -0.24 | -0.08 | 0.05 | 56 | Oil & Gas | CWS vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.24 | -0.07 | 0.04 | 55 | Oil & Gas | CWS vs OILK | |
| United States Oil Fund LP | -0.24 | -0.09 | 0.03 | 66 | Oil & Gas | CWS vs USO | |
| United States Gasoline Fund LP | -0.23 | -0.07 | 0.03 | 69 | Oil & Gas | CWS vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CWS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CWS and solid risk/return profiles. The least correlated is Toll Brothers, Inc. (TOL) (Consumer Cyclical) with a 1Y correlation of 0.51, roughly unchanged from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Toll Brothers, Inc. | 0.51 | 0.60 | 0.60 | 66 | Consumer Cyclical |
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