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
352 ETFs have low correlation with PBW (below 0.3), 53 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 | -0.47 | — | — | 68 | Inverse Equities, Leveraged Equities | PBW vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | PBW vs SBIT | |
| ProShares Short Bitcoin ETF | -0.47 | -0.36 | — | 57 | Cryptocurrency | PBW vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.47 | — | — | 70 | Derivative Income | PBW vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.20 | -0.23 | -0.27 | 51 | Currency | PBW vs UUP |
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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 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | 0.05 | 0.22 | 0.21 | 80 | Energy | |
| Clearway Energy, Inc. | 0.40 | 0.46 | 0.46 | 55 | Utilities | |
| Albemarle Corporation | 0.51 | 0.61 | 0.63 | 79 | Basic Materials | |
| Tesla, Inc. | 0.52 | 0.49 | 0.56 | 63 | Consumer Cyclical | |
| First Solar, Inc. | 0.57 | 0.60 | 0.62 | 66 | Technology |
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