Looking to diversify beyond WBIL? The ETFs below have historically moved differently from WBIL, 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 WBIL
235 ETFs have low correlation with WBIL (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, down from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.32 | — | 61 | Cryptocurrency | WBIL vs BITI | |
| Alpha Architect Tail Risk ETF | -0.34 | -0.09 | — | 56 | Options Trading | WBIL vs CAOS | |
| Invesco DB Energy Fund | -0.24 | -0.09 | 0.07 | 72 | Oil & Gas | WBIL vs DBE | |
| United States Brent Oil Fund LP | -0.21 | -0.08 | 0.07 | 52 | Oil & Gas | WBIL vs BNO | |
| Invesco DB Oil Fund | -0.20 | -0.06 | 0.08 | 58 | Oil & Gas | WBIL vs DBO |
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