Looking to diversify beyond PBW? The ETFs below have historically moved differently from PBW, 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 PBW
445 ETFs have low correlation with PBW (below 0.3), 74 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 | -0.50 | — | — | 61 | Inverse Equities, Leveraged Equities | PBW vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.49 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PBW vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.49 | — | — | 75 | Derivative Income | PBW vs WNTR | |
| ProShares Short Bitcoin ETF | -0.49 | -0.37 | — | 61 | Cryptocurrency | PBW vs BITI | |
| Alpha Architect Tail Risk ETF | -0.23 | -0.10 | — | 56 | Options Trading | PBW vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PBW, 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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of 0.06, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | 0.06 | 0.22 | 0.21 | 85 | Energy | |
| Albemarle Corporation | 0.50 | 0.61 | 0.63 | 77 | Basic Materials | |
| First Solar, Inc. | 0.59 | 0.61 | 0.62 | 58 | Technology | |
| Bloom Energy Corporation | 0.64 | 0.64 | 0.72 | 97 | Industrials | |
| Enphase Energy, Inc. | 0.69 | 0.67 | 0.69 | 55 | Technology |
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