Looking to balance out your exposure to W? The ETFs below have historically moved differently from W, 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 W
1 ETFs have low correlation with W (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.29, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.29 | 0.38 | 0.45 | 87 | Semiconductors, Technology Equities | W vs SMH | |
| Saba Closed-End Funds ETF | 0.36 | 0.39 | 0.40 | 79 | Actively Managed | W vs CEFS | |
| Bridges Capital Tactical ETF | 0.42 | 0.43 | — | 67 | Tactical Allocation | W vs BDGS | |
| Invesco QQQ ETF | 0.42 | 0.46 | 0.53 | 54 | Nasdaq-100 | W vs QQQ | |
| Vanguard S&P 500 ETF | 0.50 | 0.52 | 0.55 | 72 | S&P 500 | W vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for W, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.07, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.07 | 0.11 | 0.10 | 81 | Healthcare | |
| Seagate Technology plc | 0.15 | 0.27 | 0.30 | 99 | Technology | |
| Sterling Infrastructure, Inc. | 0.17 | 0.27 | 0.29 | 75 | Industrials | |
| Intel Corporation | 0.22 | 0.29 | 0.34 | 98 | Technology | |
| Western Digital Corporation | 0.22 | 0.32 | 0.35 | 99 | Technology |
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