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
11 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 -0.01, 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 | -0.01 | -0.04 | 0.00 | 100 | Government Bonds, Ultrashort Bond | WBD vs BIL | |
| Franklin International Low Volatility High Dividen... | 0.16 | 0.33 | 0.37 | 93 | Volatility Hedged Equity, Dividend | WBD vs LVHI | |
| Schwab U.S. Dividend Equity ETF | 0.18 | 0.39 | 0.45 | 77 | Dividend | WBD vs SCHD | |
| Franklin Income Focus ETF | 0.21 | 0.31 | 0.31 | 85 | Diversified Portfolio | WBD vs INCM | |
| JPMorgan Active Value ETF | 0.23 | 0.40 | — | 64 | Large Cap Value Equities | WBD vs JAVA |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | 0.12 | 0.20 | 72 | Consumer Defensive | |
| The Southern Company | -0.09 | 0.09 | 0.12 | 55 | Utilities | |
| Verizon Communications Inc. | -0.07 | 0.10 | 0.19 | 66 | Communication Services | |
| Consolidated Edison, Inc. | -0.07 | 0.06 | 0.08 | 61 | Utilities | |
| Johnson & Johnson | -0.05 | 0.07 | 0.10 | 96 | Healthcare |
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Build a portfolio that complements WBD
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