Looking to balance out your exposure to WCC? The ETFs below have the lowest correlation with WCC — they tend to move on their own, which can help reduce risk when WCC drops. The stock ideas table highlights individual companies that behave independently from WCC.
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 0.44, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Copper Miners ETF | 0.44 | 0.40 | 0.45 | 57 | Copper | WCC vs COPX | |
| Invesco QQQ ETF | 0.53 | 0.53 | 0.55 | 64 | Nasdaq-100 | WCC vs QQQ | |
| Invesco S&P 500 Momentum ETF | 0.55 | 0.55 | 0.58 | 68 | Momentum, S&P 500 | WCC vs SPMO | |
| Vanguard S&P 500 ETF | 0.56 | 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 |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WCC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WCC and solid risk/return profiles. The least correlated is Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | -0.02 | 0.12 | 0.20 | 83 | Consumer Defensive | |
| Adaro Energy Tbk PT ADR | 0.01 | 0.02 | 0.03 | 71 | Energy | |
| Apache Corporation | 0.02 | 0.20 | 0.32 | 83 | Energy | |
| Targa Resources Corp. | 0.04 | 0.24 | 0.37 | 92 | Energy | |
| Ovintiv Inc. | 0.05 | 0.25 | 0.34 | 76 | Energy |
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