Looking to balance out your exposure to WASH? The ETFs below have the lowest correlation with WASH — they tend to move on their own, which can help reduce risk when WASH drops. The stock ideas table highlights individual companies that behave independently from WASH.
Best Diversifiers for WASH
5 ETFs have low correlation with WASH (below 0.3), 1 of which are negatively correlated. The least correlated is First Trust Global Tactical Commodity Strategy Fund (FTGC) (Commodities) with a 1Y correlation of -0.09, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Global Tactical Commodity Strategy Fun... | -0.09 | 0.03 | 0.07 | 81 | Commodities | WASH vs FTGC | |
| iShares 1-3 Year Treasury Bond ETF | 0.12 | 0.11 | 0.04 | 79 | Government Bonds, Short-Term Bond | WASH vs SHY | |
| Global X NASDAQ 100 Covered Call ETF | 0.25 | 0.23 | 0.29 | 88 | Nasdaq-100, Derivative Income | WASH vs QYLD | |
| Amplify CWP International Enhanced Dividend Income... | 0.27 | 0.34 | — | 67 | Derivative Income, Dividend, Foreign Large Cap Equities | WASH vs IDVO | |
| NEOS Nasdaq-100 High Income ETF | 0.29 | — | — | 68 | Nasdaq-100, Derivative Income | WASH vs QQQI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WASH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WASH and solid risk/return profiles. The least correlated is Pembina Pipeline Corporation (PBA) (Energy) with a 1Y correlation of -0.02, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pembina Pipeline Corporation | -0.02 | 0.25 | 0.27 | 82 | Energy | |
| Altria Group, Inc. | -0.02 | 0.14 | 0.23 | 69 | Consumer Defensive | |
| Chevron Corporation | 0.00 | 0.22 | 0.27 | 83 | Energy | |
| Alamos Gold Inc. | 0.00 | 0.04 | 0.05 | 64 | Basic Materials | |
| TotalEnergies SE | 0.01 | 0.15 | 0.14 | 90 | Energy |
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