Looking to balance out your exposure to WD? The ETFs below have the lowest correlation with WD — they tend to move on their own, which can help reduce risk when WD drops. The stock ideas table highlights individual companies that behave independently from WD.
Best Diversifiers for WD
1 ETFs have low correlation with WD (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.27, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.27 | 0.34 | 0.44 | 82 | Technology Equities | WD vs XLK | |
| Invesco QQQ ETF | 0.32 | 0.38 | 0.47 | 74 | Nasdaq-100 | WD vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.41 | 0.49 | 0.56 | 74 | S&P 500 | WD vs SPY | |
| Vanguard S&P 500 ETF | 0.41 | 0.49 | 0.56 | 74 | S&P 500 | WD vs VOO | |
| Vanguard Value ETF | 0.46 | 0.57 | 0.59 | 85 | Large Cap Value Equities | WD vs VTV |
Diversification Analysis
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