Looking to diversify beyond PWV? The ETFs below have the lowest correlation with PWV — 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 PWV.
Best Diversifiers for PWV
486 ETFs have low correlation with PWV (below 0.3), 15 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.22, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.22 | -0.07 | -0.02 | 61 | Leveraged Currency | PWV vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | PWV vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.08 | -0.05 | 100 | Government Bonds, Ultrashort Bond | PWV vs BIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | — | — | 99 | Ultrashort Bond | PWV vs CSHP | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.09 | — | — | 100 | Ultrashort Bond | PWV vs VBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PWV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PWV and solid risk/return profiles. The least correlated is Amphenol Corporation (APH) (Technology) with a 1Y correlation of 0.21, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amphenol Corporation | 0.21 | 0.37 | 0.51 | 83 | Technology | |
| Caterpillar Inc. | 0.41 | 0.59 | 0.64 | 99 | Industrials |
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