Looking to diversify beyond PUTW? The mutual funds below have the lowest correlation with PUTW — 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 PUTW.
Best Diversifiers for PUTW
0 mutual funds have low correlation with PUTW (below 0.3), 0 of which are negatively correlated. The least correlated is The Covered Bridge Fund (TCBIX) (Derivative Income) with a 1Y correlation of 0.48, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Covered Bridge Fund | 0.48 | 0.50 | 0.59 | 58 | Derivative Income | PUTW vs TCBIX | |
| BlackRock Enhanced Large Cap Core Fund | 0.56 | 0.64 | 0.67 | 79 | Derivative Income | PUTW vs CII | |
| Adams Diversified Equity Fund, Inc. | 0.62 | 0.74 | 0.76 | 61 | Large Cap Blend Equities | PUTW vs ADX | |
| BlackRock High Equity Income Fund | 0.63 | 0.63 | 0.67 | 54 | Derivative Income | PUTW vs BMCIX | |
| BlackRock High Equity Income Fund Class A | 0.63 | 0.63 | 0.68 | 53 | Derivative Income | PUTW vs BMEAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PUTW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PUTW and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.09, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.09 | -0.09 | 0.11 | 55 | Financial Services | |
| Public Storage | 0.15 | 0.29 | 0.33 | 58 | Real Estate | |
| CrowdStrike Holdings, Inc. | 0.36 | 0.48 | 0.46 | 65 | Technology | |
| NVIDIA Corporation | 0.50 | 0.56 | 0.57 | 72 | Technology | |
| Amazon.com, Inc | 0.53 | 0.56 | 0.56 | 54 | Consumer Cyclical |
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