Looking to diversify beyond PWB? The ETFs below have historically moved differently from PWB, 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 PWB
431 ETFs have low correlation with PWB (below 0.3), 96 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.35 | — | 61 | Cryptocurrency | PWB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PWB vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 61 | Inverse Equities, Leveraged Equities | PWB vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | — | — | 75 | Derivative Income | PWB vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.32 | -0.07 | — | 56 | Options Trading | PWB vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PWB, 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 Aflac Incorporated (AFL) (Financial Services) with a 1Y correlation of -0.23, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aflac Incorporated | -0.23 | 0.09 | 0.29 | 89 | Financial Services | |
| Hannon Armstrong Sustainable Infrastructure Capita... | 0.40 | 0.28 | 0.40 | 88 | Real Estate |
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