Looking to diversify beyond PAWZ? The ETFs below have historically moved differently from PAWZ, 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 PAWZ
308 ETFs have low correlation with PAWZ (below 0.3), 44 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.12 | 0.01 | 71 | Oil & Gas | PAWZ vs DBE | |
| United States Brent Oil Fund LP | -0.33 | -0.12 | 0.01 | 55 | Oil & Gas | PAWZ vs BNO | |
| Invesco DB Oil Fund | -0.30 | -0.10 | 0.01 | 60 | Oil & Gas | PAWZ vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.27 | -0.06 | 0.06 | 67 | Commodities | PAWZ vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.26 | -0.07 | 0.05 | 61 | Commodities | PAWZ vs COMT |
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