Looking to diversify beyond PWRD? The ETFs below have the lowest correlation with PWRD — 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 PWRD.
Best Diversifiers for PWRD
262 ETFs have low correlation with PWRD (below 0.3), 26 of which are negatively correlated. The least correlated is iShares iBonds Oct 2027 Term TIPS ETF (IBID) (Inflation-Protected Bonds) with a 1Y correlation of -0.23, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2027 Term TIPS ETF | -0.23 | -0.23 | -0.23 | 95 | Inflation-Protected Bonds | PWRD vs IBID | |
| Brookstone Ultra-Short Bond ETF | -0.14 | -0.14 | -0.14 | 98 | Ultrashort Bond | PWRD vs BAMU | |
| Vanguard Ultra-Short Treasury ETF | -0.11 | -0.11 | -0.11 | 99 | Ultrashort Bond, Government Bonds | PWRD vs VGUS | |
| SGI Enhanced Core ETF | -0.10 | -0.10 | -0.10 | 95 | Intermediate Core Bond | PWRD vs USDX | |
| Invesco PureBeta 0-5 Yr US TIPS ETF | -0.07 | -0.07 | -0.07 | 82 | Inflation-Protected Bonds | PWRD vs PBTP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PWRD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PWRD and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.40, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.40 | 0.40 | 0.40 | 52 | Consumer Cyclical | |
| JPMorgan Chase & Co. | 0.43 | 0.43 | 0.43 | 69 | Financial Services |
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