Looking to diversify beyond WBIG? The ETFs below have historically moved differently from WBIG, 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 WBIG
206 ETFs have low correlation with WBIG (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.35, roughly unchanged from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.35 | -0.31 | — | 61 | Cryptocurrency | WBIG vs BITI | |
| Alpha Architect Tail Risk ETF | -0.26 | -0.09 | — | 56 | Options Trading | WBIG vs CAOS | |
| Invesco DB Energy Fund | -0.25 | -0.04 | 0.15 | 72 | Oil & Gas | WBIG vs DBE | |
| United States Brent Oil Fund LP | -0.22 | -0.02 | 0.15 | 52 | Oil & Gas | WBIG vs BNO | |
| Invesco DB Oil Fund | -0.21 | -0.00 | 0.17 | 58 | Oil & Gas | WBIG vs DBO |
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