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
343 ETFs have low correlation with PWB (below 0.3), 74 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.34 | -0.37 | 57 | Cryptocurrency | PWB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PWB vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | -0.43 | -0.43 | 68 | Inverse Equities, Leveraged Equities | PWB vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 70 | Derivative Income | PWB vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.23 | -0.16 | -0.25 | 51 | Currency | PWB vs UUP |
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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 | 84 | Real Estate |
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