Looking to balance out your exposure to W? The ETFs below have the lowest correlation with W — they tend to move on their own, which can help reduce risk when W drops. The stock ideas table highlights individual companies that behave independently from W.
Best Diversifiers for W
0 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 0.33, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.33 | 0.40 | 0.46 | 96 | Semiconductors, Technology Equities | W vs SMH | |
| Saba Closed-End Funds ETF | 0.35 | 0.38 | 0.39 | 80 | Event Driven | W vs CEFS | |
| Bridges Capital Tactical ETF | 0.40 | 0.42 | — | 74 | Large Cap Blend Equities | W vs BDGS | |
| Invesco QQQ ETF | 0.45 | 0.47 | 0.54 | 73 | Nasdaq-100 | W vs QQQ | |
| NEOS Nasdaq-100 High Income ETF | 0.46 | — | — | 68 | Nasdaq-100, Derivative Income | W vs QQQI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from W, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to W and solid risk/return profiles. 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.07 | 0.09 | 0.10 | 72 | Healthcare | |
| Sterling Construction Company, Inc. | 0.22 | 0.30 | 0.32 | 97 | Industrials | |
| Seagate Technology plc | 0.22 | 0.32 | 0.35 | 99 | Technology | |
| Oracle Corporation | 0.22 | 0.28 | 0.32 | 58 | Technology | |
| Kratos Defense & Security Solutions, Inc. | 0.24 | 0.23 | 0.34 | 60 | Industrials |
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