Looking to balance out your exposure to WBS? The ETFs below have historically moved differently from WBS, 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 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 0.51, roughly unchanged from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.51 | 0.49 | 0.55 | 78 | S&P 500 | WBS vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WBS, 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 Opera Limited (OPRA) (Communication Services) with a 1Y correlation of 0.23, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Opera Limited | 0.23 | 0.27 | 0.25 | 62 | Communication Services | |
| The Travelers Companies, Inc. | 0.25 | 0.32 | 0.41 | 95 | Financial Services | |
| The Hartford Financial Services Group, Inc. | 0.27 | 0.39 | 0.50 | 72 | Financial Services | |
| Genworth Financial, Inc. | 0.36 | 0.47 | 0.51 | 75 | Financial Services | |
| Globus Medical, Inc. | 0.37 | 0.37 | 0.39 | 81 | Healthcare |
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