Looking to balance out your exposure to WAB? The ETFs below have the lowest correlation with WAB — they tend to move on their own, which can help reduce risk when WAB drops. The stock ideas table highlights individual companies that behave independently from WAB.
Best Diversifiers for WAB
0 ETFs have low correlation with WAB (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.43, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.43 | 0.51 | 0.54 | 73 | Nasdaq-100 | WAB vs QQQ | |
| Vanguard S&P 500 ETF | 0.56 | 0.62 | 0.66 | 70 | S&P 500 | WAB vs VOO | |
| State Street SPDR S&P 500 ETF | 0.58 | 0.63 | 0.66 | 70 | S&P 500 | WAB vs SPY | |
| Vanguard Dividend Appreciation ETF | 0.65 | 0.66 | 0.70 | 56 | Dividend | WAB vs VIG |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WAB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WAB and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.02, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.02 | 0.17 | 0.28 | 85 | Energy | |
| Kinder Morgan, Inc. | 0.09 | 0.29 | 0.39 | 60 | Energy | |
| International Business Machines Corporation | 0.11 | 0.28 | 0.38 | 53 | Technology | |
| Credo Technology Group Holding Ltd | 0.12 | 0.30 | 0.35 | 85 | Technology | |
| Welltower Inc. | 0.12 | 0.19 | 0.31 | 79 | Real Estate |
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