Looking to diversify beyond PWZ? The ETFs below have the lowest correlation with PWZ — 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 PWZ.
Best Diversifiers for PWZ
1175 ETFs have low correlation with PWZ (below 0.3), 82 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.10 | -0.05 | 53 | Oil & Gas | PWZ vs DBE | |
| ProShares UltraShort Yen | -0.31 | -0.25 | -0.28 | 72 | Leveraged Currency | PWZ vs YCS | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.30 | -0.08 | -0.03 | 51 | Commodities | PWZ vs GSG | |
| Invesco DB US Dollar Index Bullish Fund | -0.30 | -0.25 | -0.25 | 51 | Currency | PWZ vs UUP | |
| Invesco DB Commodity Index Tracking Fund | -0.29 | -0.07 | -0.02 | 54 | Commodities | PWZ vs DBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PWZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PWZ and solid risk/return profiles. The least correlated is Intel Corporation (INTC) (Technology) with a 1Y correlation of 0.09, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Intel Corporation | 0.09 | 0.08 | 0.10 | 98 | Technology | |
| Callaway Golf Company | 0.12 | 0.11 | 0.11 | 90 | Consumer Cyclical |
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