Looking to diversify beyond PWB? The ETFs below have the lowest correlation with PWB — 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 PWB.
Best Diversifiers for PWB
252 ETFs have low correlation with PWB (below 0.3), 38 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | PWB vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.18 | — | — | 95 | Inflation-Protected Bonds | PWB vs IBID | |
| Brookstone Ultra-Short Bond ETF | -0.16 | — | — | 98 | Ultrashort Bond | PWB vs BAMU | |
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.02 | -0.00 | 100 | Ultrashort Bond | PWB vs SGOV | |
| ProShares UltraShort Yen | -0.12 | 0.02 | 0.01 | 61 | Leveraged Currency | PWB vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PWB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PWB and solid risk/return profiles. The least correlated is Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) (Real Estate) with a 1Y correlation of 0.38, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hannon Armstrong Sustainable Infrastructure Capita... | 0.38 | 0.29 | 0.41 | 87 | Real Estate |
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