Looking to balance out your exposure to PW? The ETFs below have historically moved differently from PW, 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 PW
2 ETFs have low correlation with PW (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.04, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.04 | 0.05 | 0.18 | 67 | S&P 500 | PW vs SPY | |
| State Street Technology Select Sector SPDR ETF | 0.04 | 0.06 | 0.16 | 55 | Technology Equities | PW vs XLK |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PW, 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 International Seaways, Inc. (INSW) (Industrials) with a 1Y correlation of -0.01, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| International Seaways, Inc. | -0.01 | 0.04 | 0.09 | 99 | Industrials | |
| NVIDIA Corporation | 0.01 | 0.04 | 0.13 | 56 | Technology |
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