Looking to balance out your exposure to WATT? The ETFs below have the lowest correlation with WATT — they tend to move on their own, which can help reduce risk when WATT drops. The stock ideas table highlights individual companies that behave independently from WATT.
Best Diversifiers for WATT
0 ETFs have low correlation with WATT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.31, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.31 | 0.28 | 0.32 | 59 | S&P 500 | WATT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WATT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WATT and solid risk/return profiles. The least correlated is Sumitomo Mitsui Financial Group, Inc. (SMFG) (Financial Services) with a 1Y correlation of 0.16, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sumitomo Mitsui Financial Group, Inc. | 0.16 | 0.12 | 0.13 | 88 | Financial Services | |
| Cohen & Steers Quality Income Realty Fund | 0.19 | 0.17 | 0.22 | 57 | Financial Services | |
| Equinox Gold Corp. | 0.19 | 0.16 | 0.16 | 69 | Basic Materials | |
| Cohen & Steers Infrastructure Fund, Inc | 0.19 | 0.16 | 0.22 | 67 | Financial Services | |
| Mizuho Financial Group, Inc. | 0.21 | 0.11 | 0.12 | 89 | Financial Services |
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