Looking to balance out your exposure to WB? The ETFs below have the lowest correlation with WB — they tend to move on their own, which can help reduce risk when WB drops. The stock ideas table highlights individual companies that behave independently from WB.
Best Diversifiers for WB
1 ETFs have low correlation with WB (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Emerging Markets Sovereign Debt ETF (PCY) (Emerging Markets Bonds) with a 1Y correlation of 0.30, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Emerging Markets Sovereign Debt ETF | 0.30 | 0.22 | 0.21 | 59 | Emerging Markets Bonds | WB vs PCY | |
| iShares U.S. Technology ETF | 0.35 | 0.26 | 0.31 | 54 | Technology Equities | WB vs IYW | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.30 | 0.31 | 65 | S&P 500 | WB vs SPY | |
| Vanguard S&P 500 ETF | 0.38 | 0.30 | 0.31 | 66 | S&P 500 | WB vs VOO | |
| iShares MSCI Emerging Markets ETF | 0.48 | 0.55 | 0.59 | 55 | Emerging Markets Diversified | WB vs EEM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WB and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.15 | 0.01 | 0.02 | 84 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.07 | 0.07 | 0.09 | 78 | Energy | |
| Occidental Petroleum Corporation | -0.03 | 0.11 | 0.14 | 67 | Energy | |
| MPLX LP | 0.04 | 0.14 | 0.15 | 82 | Energy | |
| Tyson Foods, Inc. | 0.06 | 0.07 | 0.10 | 58 | Consumer Defensive |
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