Looking to balance out your exposure to WDC? The ETFs below have the lowest correlation with WDC — they tend to move on their own, which can help reduce risk when WDC drops. The stock ideas table highlights individual companies that behave independently from WDC.
Best Diversifiers for WDC
75 ETFs have low correlation with WDC (below 0.3), 6 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.13, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.13 | 0.03 | 0.25 | 74 | Dividend, Large Cap Value Equities | WDC vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.11 | 0.08 | 0.28 | 72 | Large Cap Value Equities, Dividend | WDC vs FDL | |
| Global X MLP & Energy Infrastructure ETF | -0.10 | 0.12 | 0.27 | 51 | MLPs | WDC vs MLPX | |
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.06 | -0.01 | 100 | Ultrashort Bond | WDC vs SGOV | |
| WisdomTree US High Dividend Fund | -0.06 | 0.12 | 0.30 | 75 | Large Cap Value Equities, Dividend | WDC vs DHS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WDC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WDC and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.27, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.27 | -0.07 | 0.09 | 72 | Financial Services | |
| Duke Energy Corporation | -0.26 | -0.17 | -0.06 | 64 | Utilities | |
| The Southern Company | -0.26 | -0.15 | -0.05 | 57 | Utilities | |
| The Coca-Cola Company | -0.23 | -0.12 | 0.02 | 74 | Consumer Defensive | |
| The Allstate Corporation | -0.22 | -0.05 | 0.12 | 70 | Financial Services |
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