Looking to diversify beyond POWA? The ETFs below have the lowest correlation with POWA — 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 POWA.
Best Diversifiers for POWA
199 ETFs have low correlation with POWA (below 0.3), 31 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.07 | 0.05 | 71 | Oil & Gas | POWA vs DBE | |
| United States Brent Oil Fund LP | -0.26 | -0.07 | 0.04 | 65 | Oil & Gas | POWA vs BNO | |
| Invesco DB Oil Fund | -0.24 | -0.06 | 0.05 | 65 | Oil & Gas | POWA vs DBO | |
| iShares Commodities Select Strategy ETF | -0.19 | -0.01 | 0.09 | 71 | Commodities | POWA vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.19 | 0.00 | 0.10 | 71 | Commodities | POWA vs GSG |
See all 1166 diversifiers for POWA
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