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
269 ETFs have low correlation with PBW (below 0.3), 40 of which are negatively correlated. The least correlated is iShares iBonds Oct 2027 Term TIPS ETF (IBID) (Inflation-Protected Bonds) with a 1Y correlation of -0.15, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | 0.02 | 0.02 | 95 | Inflation-Protected Bonds | PBW vs IBID | |
| iShares Diversified Commodity Swap UCITS ETF | -0.13 | -0.01 | -0.04 | 78 | Commodities | PBW vs ISCMF | |
| Vanguard Ultra-Short Treasury ETF | -0.13 | -0.17 | -0.17 | 99 | Ultrashort Bond, Government Bonds | PBW vs VGUS | |
| Brookstone Ultra-Short Bond ETF | -0.12 | -0.03 | -0.03 | 98 | Ultrashort Bond | PBW vs BAMU | |
| Obra Opportunistic Structured Products ETF | -0.11 | -0.07 | -0.07 | 72 | Multisector Bonds | PBW vs OOSP |
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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 0.08, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | 0.08 | 0.22 | 0.21 | 75 | Energy | |
| Clearway Energy, Inc. | 0.43 | 0.46 | 0.47 | 65 | Utilities | |
| Albemarle Corporation | 0.51 | 0.61 | 0.63 | 91 | Basic Materials | |
| Bloom Energy Corporation | 0.56 | 0.64 | 0.72 | 99 | Industrials | |
| First Solar, Inc. | 0.57 | 0.60 | 0.62 | 76 | Technology |
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