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
1301 ETFs have low correlation with PWZ (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.24 | -0.28 | 61 | Leveraged Currency | PWZ vs YCS | |
| Bastion Energy ETF | -0.26 | — | — | 75 | Energy Equities | PWZ vs BESF | |
| VanEck Commodity Strategy ETF | -0.24 | -0.05 | — | 55 | Commodities | PWZ vs PIT | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.22 | -0.03 | 0.00 | 53 | Commodities | PWZ vs FTGC | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.22 | — | — | 50 | Commodities | PWZ vs CERY |
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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 0.07, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Intel Corporation | 0.07 | 0.08 | 0.10 | 99 | Technology | |
| Callaway Golf Company | 0.09 | 0.11 | 0.10 | 89 | Consumer Cyclical |
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