Looking to balance out your exposure to WASH? The ETFs below have historically moved differently from WASH, 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 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 -0.13, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Global Tactical Commodity Strategy Fun... | -0.13 | -0.01 | 0.06 | 81 | Commodities | WASH vs FTGC | |
| Eldridge BBB-B CLO ETF | 0.18 | 0.16 | — | 54 | CLO | WASH vs CLOZ | |
| iShares 1-3 Year Treasury Bond ETF | 0.20 | 0.11 | 0.06 | 81 | Government Bonds, Short-Term Bond | WASH vs SHY | |
| Global X NASDAQ 100 Covered Call ETF | 0.20 | 0.24 | 0.28 | 83 | Nasdaq-100, Derivative Income | WASH vs QYLD | |
| Amplify CWP International Enhanced Dividend Income... | 0.25 | 0.33 | — | 80 | Derivative Income, Dividend, Foreign Large Cap Equities | WASH vs IDVO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WASH, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.08, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.08 | 0.17 | 0.23 | 76 | Energy | |
| TotalEnergies SE | -0.05 | 0.09 | 0.12 | 87 | Energy | |
| Pembina Pipeline Corporation | -0.04 | 0.21 | 0.25 | 86 | Energy | |
| Enbridge Inc. | 0.01 | 0.21 | 0.27 | 78 | Energy | |
| Altria Group, Inc. | 0.03 | 0.13 | 0.21 | 64 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements WASH
Add WASH to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WASH