Looking to diversify beyond WCMG? The ETFs below have the lowest correlation with WCMG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from WCMG.
Best Diversifiers for WCMG
1 ETFs have low correlation with WCMG (below 0.3), 1 of which are negatively correlated. The least correlated is First Trust Morningstar Dividend Leaders Index Fund (FDL) (Large Cap Value Equities) with a 1Y correlation of -0.30, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fun... | -0.30 | -0.30 | -0.30 | 88 | Large Cap Value Equities, Dividend | WCMG vs FDL | |
| Pacer Cash Cows Fund of Funds ETF | 0.40 | 0.40 | 0.40 | 85 | Global Equities | WCMG vs HERD | |
| Cambria Foreign Shareholder Yield ETF | 0.49 | 0.49 | 0.49 | 94 | Global Equities | WCMG vs FYLD | |
| First Trust Nasdaq Semiconductor ETF | 0.54 | 0.54 | 0.54 | 93 | Semiconductors, Technology Equities | WCMG vs FTXL | |
| First Trust RBA American Industrial Renaissance ET... | 0.59 | 0.59 | 0.59 | 67 | Building & Construction | WCMG vs AIRR |
See all 10 diversifiers for WCMG
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