Looking to balance out your exposure to POWL? The ETFs below have historically moved differently from POWL, 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 POWL
16 ETFs have low correlation with POWL (below 0.3), 4 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.17, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.17 | -0.06 | -0.03 | 100 | Ultrashort Bond | POWL vs SGOV | |
| iShares Treasury Floating Rate Bond ETF | -0.05 | -0.07 | -0.06 | 100 | Government Bonds, Ultrashort Bond | POWL vs TFLO | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.03 | -0.08 | -0.00 | 84 | Inflation-Protected Bonds, Short-Term Bond | POWL vs VTIP | |
| iShares 0-5 Year TIPS Bond ETF | -0.00 | -0.06 | 0.01 | 84 | Inflation-Protected Bonds | POWL vs STIP | |
| PIMCO Enhanced Short Maturity Active ETF | 0.02 | -0.01 | 0.04 | 100 | Ultrashort Bond | POWL vs MINT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for POWL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.25, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.25 | -0.16 | -0.05 | 56 | Financial Services | |
| The Allstate Corporation | -0.24 | 0.01 | 0.10 | 80 | Financial Services | |
| The Coca-Cola Company | -0.20 | -0.12 | -0.00 | 86 | Consumer Defensive | |
| Altria Group, Inc. | -0.18 | -0.11 | -0.00 | 63 | Consumer Defensive | |
| Arch Capital Group Ltd. | -0.18 | 0.03 | 0.13 | 59 | Financial Services |
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