Looking to diversify beyond PBW? The ETFs below have the lowest correlation with PBW — 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 PBW.
Best Diversifiers for PBW
342 ETFs have low correlation with PBW (below 0.3), 63 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.18, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.18 | 0.05 | 0.11 | 66 | Oil & Gas | PBW vs USO | |
| Invesco DB Energy Fund | -0.17 | 0.05 | 0.12 | 71 | Oil & Gas | PBW vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.16 | — | — | 56 | Derivative Income | PBW vs USOY | |
| United States Brent Oil Fund LP | -0.16 | 0.06 | 0.12 | 65 | Oil & Gas | PBW vs BNO | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | — | — | 96 | Inflation-Protected Bonds | PBW vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PBW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PBW and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of 0.05, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | 0.05 | 0.20 | 0.19 | 88 | Energy | |
| Clearway Energy, Inc. | 0.40 | 0.46 | 0.46 | 79 | Utilities | |
| Tesla, Inc. | 0.48 | 0.47 | 0.56 | 55 | Consumer Cyclical | |
| Albemarle Corporation | 0.52 | 0.61 | 0.64 | 94 | Basic Materials | |
| Bloom Energy Corporation | 0.54 | 0.64 | 0.72 | 99 | Industrials |
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