Looking to diversify beyond WCLD? The ETFs below have historically moved differently from WCLD, 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 WCLD
1210 ETFs have low correlation with WCLD (below 0.3), 71 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 61 | Inverse Equities, Leveraged Equities | WCLD vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.28 | — | — | 75 | Derivative Income | WCLD vs WNTR | |
| ProShares Short Bitcoin ETF | -0.26 | -0.29 | — | 61 | Cryptocurrency | WCLD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.25 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | WCLD vs SBIT | |
| Breakwave Tanker Shipping ETF | -0.12 | -0.06 | -0.06 | 99 | Commodities | WCLD vs BWET |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for WCLD, 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 Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of -0.05, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | -0.05 | 0.29 | 0.44 | 76 | Industrials | |
| Bloom Energy Corporation | -0.01 | 0.28 | 0.44 | 97 | Industrials | |
| Equinix, Inc. | -0.01 | 0.26 | 0.38 | 82 | Real Estate | |
| Advanced Micro Devices, Inc. | 0.01 | 0.28 | 0.45 | 94 | Technology | |
| Berkshire Hathaway Inc. | 0.04 | 0.21 | 0.28 | 61 | Financial Services |
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