Looking to balance out your exposure to WDAY? The ETFs below have the lowest correlation with WDAY — they tend to move on their own, which can help reduce risk when WDAY drops. The stock ideas table highlights individual companies that behave independently from WDAY.
Best Diversifiers for WDAY
7 ETFs have low correlation with WDAY (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of -0.10, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | -0.10 | 0.23 | 0.40 | 97 | Semiconductors, Technology Equities | WDAY vs SOXX | |
| VanEck Semiconductor ETF | -0.09 | 0.24 | 0.41 | 96 | Semiconductors, Technology Equities | WDAY vs SMH | |
| Global X US Infrastructure Development ETF | 0.02 | 0.26 | 0.36 | 59 | Utilities Equities | WDAY vs PAVE | |
| Invesco AI and Next Gen Software ETF | 0.05 | 0.32 | 0.51 | 94 | Technology Equities | WDAY vs IGPT | |
| Janus Henderson AAA CLO ETF | 0.08 | 0.09 | 0.05 | 98 | CLO | WDAY vs JAAA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WDAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WDAY and solid risk/return profiles. The least correlated is Corning Incorporated (GLW) (Technology) with a 1Y correlation of -0.15, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corning Incorporated | -0.15 | 0.11 | 0.24 | 98 | Technology | |
| Seagate Technology plc | -0.12 | 0.09 | 0.23 | 99 | Technology | |
| Xcel Energy Inc. | -0.10 | -0.04 | 0.04 | 63 | Utilities | |
| Advanced Micro Devices, Inc. | -0.09 | 0.18 | 0.34 | 98 | Technology | |
| Intel Corporation | -0.09 | 0.17 | 0.28 | 98 | Technology |
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Build a portfolio that complements WDAY
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