Looking to diversify beyond PWS? The ETFs below have the lowest correlation with PWS — 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 PWS.
Best Diversifiers for PWS
237 ETFs have low correlation with PWS (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.23 | -0.23 | 52 | Cryptocurrency | PWS vs BITI | |
| Invesco DB Energy Fund | -0.21 | -0.12 | 0.02 | 57 | Oil & Gas | PWS vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | PWS vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | 0.11 | 0.11 | 96 | Inflation-Protected Bonds | PWS vs IBID | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.12 | -0.06 | 0.07 | 52 | Commodities | PWS vs COMT |
See all 1147 diversifiers for PWS
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