Looking to diversify beyond POWA? The ETFs below have historically moved differently from POWA, 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 POWA
184 ETFs have low correlation with POWA (below 0.3), 41 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.12 | 0.03 | 66 | Oil & Gas | POWA vs DBE | |
| Invesco DB Oil Fund | -0.29 | -0.11 | 0.03 | 51 | Oil & Gas | POWA vs DBO | |
| ProShares Short Bitcoin ETF | -0.28 | -0.25 | — | 51 | Cryptocurrency | POWA vs BITI | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.25 | -0.06 | 0.07 | 61 | Commodities | POWA vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.21 | -0.06 | 0.07 | 56 | Commodities | POWA vs COMT |
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