Looking to diversify beyond PWV? The ETFs below have historically moved differently from PWV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PWV
600 ETFs have low correlation with PWV (below 0.3), 39 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.18 | — | — | 61 | Inverse Equities, Leveraged Equities | PWV vs MSTZ | |
| ProShares UltraShort Yen | -0.18 | -0.08 | -0.04 | 56 | Leveraged Currency | PWV vs YCS | |
| ProShares Short Bitcoin ETF | -0.17 | -0.23 | — | 61 | Cryptocurrency | PWV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.17 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PWV vs SBIT | |
| Alpha Architect Tail Risk ETF | -0.17 | -0.05 | — | 56 | Options Trading | PWV vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PWV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Amphenol Corporation (APH) (Technology) with a 1Y correlation of 0.09, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amphenol Corporation | 0.09 | 0.32 | 0.47 | 77 | Technology | |
| Sprott Physical Gold Trust | 0.18 | 0.13 | 0.11 | 64 | Financial Services | |
| Valero Energy Corporation | 0.22 | 0.41 | 0.46 | 98 | Energy | |
| Caterpillar Inc. | 0.30 | 0.55 | 0.61 | 92 | Industrials |
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