Looking to balance out your exposure to WBD? The ETFs below have historically moved differently from WBD, 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 WBD
17 ETFs have low correlation with WBD (below 0.3), 0 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 0.02, roughly unchanged from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.02 | -0.03 | 0.00 | 100 | Government Bonds, Ultrashort Bond | WBD vs BIL | |
| Franklin International Low Volatility High Dividen... | 0.14 | 0.32 | 0.37 | 97 | Dividend, Low Volatility | WBD vs LVHI | |
| Schwab U.S. Dividend Equity ETF | 0.15 | 0.37 | 0.44 | 95 | Dividend | WBD vs SCHD | |
| Franklin Income Focus ETF | 0.17 | 0.30 | — | 93 | Diversified Portfolio | WBD vs INCM | |
| Capital Group International Focus Equity ETF | 0.17 | 0.31 | — | 65 | Foreign Large Cap Equities | WBD vs CGXU |
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 WBD, 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 Chesapeake Utilities Corporation (CPK) (Utilities) with a 1Y correlation of -0.12, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chesapeake Utilities Corporation | -0.12 | 0.15 | 0.17 | 65 | Utilities | |
| Philip Morris International Inc. | -0.11 | 0.10 | 0.19 | 64 | Consumer Defensive | |
| Altria Group, Inc. | -0.10 | 0.10 | 0.19 | 66 | Consumer Defensive | |
| Consolidated Edison, Inc. | -0.10 | 0.05 | 0.09 | 56 | Utilities | |
| Cencora Inc. | -0.08 | -0.06 | 0.04 | 50 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements WBD
Add WBD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WBD