Looking to balance out your exposure to WCC? The ETFs below have historically moved differently from WCC, 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 WCC
0 ETFs have low correlation with WCC (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Copper Miners ETF (COPX) (Copper) with a 1Y correlation of 0.47, roughly unchanged from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Copper Miners ETF | 0.47 | 0.41 | 0.45 | 76 | Copper | WCC vs COPX | |
| Vanguard S&P 500 ETF | 0.57 | 0.60 | 0.63 | 68 | S&P 500 | WCC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.57 | 0.60 | 0.63 | 67 | S&P 500 | WCC vs SPY | |
| VanEck Semiconductor ETF | 0.65 | 0.56 | 0.58 | 87 | Semiconductors, Technology Equities | WCC vs SMH |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WCC, 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 Range Resources Corporation (RRC) (Energy) with a 1Y correlation of -0.06, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Range Resources Corporation | -0.06 | 0.19 | 0.29 | 54 | Energy | |
| Coca-Cola Consolidated, Inc. | -0.05 | 0.13 | 0.20 | 87 | Consumer Defensive | |
| Visa Inc. | -0.01 | 0.21 | 0.33 | 53 | Financial Services | |
| Apache Corporation | -0.00 | 0.19 | 0.31 | 90 | Energy | |
| Adaro Energy Tbk PT ADR | 0.01 | 0.02 | 0.04 | 73 | Energy |
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