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
233 ETFs have low correlation with PWS (below 0.3), 33 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.23, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.23 | -0.11 | 0.04 | 71 | Oil & Gas | PWS vs DBE | |
| Invesco DB Oil Fund | -0.20 | -0.09 | 0.05 | 65 | Oil & Gas | PWS vs DBO | |
| United States Brent Oil Fund LP | -0.19 | -0.10 | 0.04 | 65 | Oil & Gas | PWS vs BNO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | PWS vs IBIC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.14 | -0.04 | 0.09 | 71 | Commodities | PWS vs GSG |
See all 1159 diversifiers for PWS
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