Looking to diversify beyond PWER? The ETFs below have the lowest correlation with PWER — 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 PWER.
Best Diversifiers for PWER
226 ETFs have low correlation with PWER (below 0.3), 24 of which are negatively correlated. The least correlated is Franklin Short Duration U.S. Government ETF (FTSD) (Mortgage Backed Securities) with a 1Y correlation of -0.10, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | -0.10 | -0.03 | -0.03 | 95 | Mortgage Backed Securities | PWER vs FTSD | |
| SPDR Bloomberg 3-12 Month T-Bill ETF | -0.09 | -0.04 | -0.04 | 100 | Ultrashort Bond | PWER vs BILS | |
| Calvert Ultra-Short Investment Grade ETF | -0.07 | -0.01 | -0.01 | 98 | Ultrashort Bond | PWER vs CVSB | |
| TCW AAA CLO ETF | -0.07 | -0.02 | -0.02 | 99 | CLO | PWER vs ACLO | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.07 | — | — | 100 | Government Bonds, Ultrashort Bond | PWER vs BIL |
See all 1147 diversifiers for PWER
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