Looking to diversify beyond WDAF? The ETFs below have historically moved differently from WDAF, 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 WDAF
336 ETFs have low correlation with WDAF (below 0.3), 7 of which are negatively correlated. The least correlated is Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) (Leveraged Equities) with a 1Y correlation of -0.03, roughly unchanged from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily S&P Oil & Gas Exploration & Product... | -0.03 | -0.03 | -0.03 | 54 | Leveraged Equities | WDAF vs GUSH | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.03 | -0.03 | -0.03 | 96 | Inflation-Protected Bonds | WDAF vs IBID | |
| Alerian MLP ETF | -0.02 | -0.02 | -0.02 | 67 | MLPs | WDAF vs AMLP | |
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.01 | -0.01 | -0.01 | 100 | Government Bonds, Ultrashort Bond | WDAF vs GBIL | |
| ProShares Ultra Energy | -0.00 | -0.00 | -0.00 | 70 | Leveraged Equities | WDAF vs DIG |
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