Looking to balance out your exposure to WBD? The ETFs below have the lowest correlation with WBD — they tend to move on their own, which can help reduce risk when WBD drops. The stock ideas table highlights individual companies that behave independently from WBD.
Best Diversifiers for WBD
17 ETFs have low correlation with WBD (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.00, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.00 | -0.04 | 0.00 | 100 | Government Bonds, Ultrashort Bond | WBD vs BIL | |
| Franklin International Low Volatility High Dividen... | 0.14 | 0.32 | 0.37 | 95 | Volatility Hedged Equity, Dividend | WBD vs LVHI | |
| Schwab U.S. Dividend Equity ETF | 0.15 | 0.37 | 0.44 | 86 | Dividend | WBD vs SCHD | |
| Franklin Income Focus ETF | 0.17 | 0.30 | — | 87 | Diversified Portfolio | WBD vs INCM | |
| Capital Group International Focus Equity ETF | 0.18 | 0.32 | — | 55 | Foreign Large Cap Equities | WBD vs CGXU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WBD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WBD and solid risk/return profiles. The least correlated is Chesapeake Utilities Corporation (CPK) (Utilities) with a 1Y correlation of -0.14, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chesapeake Utilities Corporation | -0.14 | 0.15 | 0.17 | 61 | Utilities | |
| Consolidated Edison, Inc. | -0.13 | 0.04 | 0.09 | 70 | Utilities | |
| Verizon Communications Inc. | -0.11 | 0.10 | 0.18 | 57 | Communication Services | |
| The Southern Company | -0.10 | 0.08 | 0.12 | 58 | Utilities | |
| Altria Group, Inc. | -0.10 | 0.10 | 0.19 | 81 | Consumer Defensive |
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Build a portfolio that complements WBD
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