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
568 ETFs have low correlation with PWV (below 0.3), 33 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.38, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.38 | -0.38 | -0.38 | 99 | Leveraged Equities, Semiconductors | PWV vs MUU | |
| Invesco DB US Dollar Index Bullish Fund | -0.22 | -0.18 | -0.27 | 51 | Currency | PWV vs UUP | |
| ProShares UltraShort Yen | -0.22 | -0.08 | -0.03 | 72 | Leveraged Currency | PWV vs YCS | |
| ProShares Short Bitcoin ETF | -0.19 | -0.23 | -0.26 | 57 | Cryptocurrency | PWV vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.18 | — | — | 68 | Inverse Equities, Leveraged Equities | PWV vs MSTZ |
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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 0.13, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amphenol Corporation | 0.13 | 0.33 | 0.49 | 80 | Technology | |
| Sprott Physical Gold Trust | 0.19 | 0.13 | 0.11 | 61 | Financial Services | |
| Caterpillar Inc. | 0.33 | 0.55 | 0.62 | 97 | Industrials |
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