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
386 ETFs have low correlation with CWS (below 0.3), 45 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 68 | Inverse Equities, Leveraged Equities | CWS vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.30 | -0.27 | -0.30 | 57 | Cryptocurrency | CWS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.30 | -0.31 | -0.31 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CWS vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 53 | Inverse Equities | CWS vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 70 | Derivative Income | CWS vs WNTR |
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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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.23, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.23 | 0.43 | 0.53 | 53 | Financial Services | |
| Toll Brothers, Inc. | 0.53 | 0.59 | 0.60 | 66 | Consumer Cyclical |
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