Looking to balance out your exposure to POWWP? The ETFs below have the lowest correlation with POWWP — they tend to move on their own, which can help reduce risk when POWWP drops. The stock ideas table highlights individual companies that behave independently from POWWP.
Best Diversifiers for POWWP
1 ETFs have low correlation with POWWP (below 0.3), 1 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of -0.01, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | -0.01 | 0.06 | 0.10 | 80 | Dividend | POWWP vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from POWWP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to POWWP and solid risk/return profiles. The least correlated is BWX Technologies, Inc. (BWXT) (Industrials) with a 1Y correlation of 0.01, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BWX Technologies, Inc. | 0.01 | 0.01 | 0.03 | 70 | Industrials |
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