Looking to balance out your exposure to WBS? The ETFs below have the lowest correlation with WBS — they tend to move on their own, which can help reduce risk when WBS drops. The stock ideas table highlights individual companies that behave independently from WBS.
Best Diversifiers for WBS
0 ETFs have low correlation with WBS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.49, roughly unchanged from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.49 | 0.48 | 0.54 | 70 | S&P 500 | WBS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WBS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WBS and solid risk/return profiles. The least correlated is Barrick Mining Corporation (B) (Basic Materials) with a 1Y correlation of 0.14, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Barrick Mining Corporation | 0.14 | 0.14 | 0.11 | 88 | Basic Materials | |
| The Travelers Companies, Inc. | 0.32 | 0.34 | 0.43 | 51 | Financial Services | |
| Federal Signal Corporation | 0.39 | 0.44 | 0.49 | 50 | Industrials | |
| Globus Medical, Inc. | 0.43 | 0.38 | 0.39 | 66 | Healthcare | |
| Genworth Financial, Inc. | 0.44 | 0.51 | 0.53 | 62 | Financial Services |
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